Student housing deals to reach record £2bn by the end of 2014

Kasmira Jefford
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THE STUDENT housing market is set for a record year after research out yesterday predicted that over £2bn of assets will go under offer in the final quarter of the year.

Property experts JLL said £220m of student properties were under offer at the end of the third quarter, with a further £360m being marketed and £1.5bn of deals completed year to date.

“We are predicting a flurry of deals to near completion before the year draws to a close, with strong university enrolments and robust occupancy levels across the sector proving to be a key driver,” JLL’s head of student housing investment, Philip Hillman, said.

Some 65 per cent of transaction values were for assets outside of London, including Unite buying a portfolio of student property from Cordea Savills for £137m.

The FTSE 250-listed group has been one of the most active and plans to spend £250m buying new development sites over the year.

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