UK housing association Sanctuary confirmed this week that it is considering an option to sell its 5,600-bed purpose-built student accommodation (PBSA) portfolio.
In a stock market announcement, the 125,000-home landlord said it was weighing up a sale of over 5,600 beds in 21 properties in eight locations across the UK.
'The potential sale is being considered as a route to unlocking and recycling capital for new investment in our existing affordable homes and the communities we serve for the benefit of our customers,' said Ed Lunt, chief financial officer of Sanctuary.
Sanctuary Students provides 12,000 homes across 39 locations. Its occupancy rate stood at 93% at the end of March.
