Clearbell’s Property Partners III fund, in partnership with PBSA specialist property consultancy Iceni Property Asset Management, has announced the acquisition of six purpose built student accommodation residences in Aberdeen from Unite Students as part of the growth of its Every Student brand.
The six assets, totalling 1,050 beds and spread across the city, provide excellent transport links to both the city centre and University of Aberdeen, with two thirds of the assets sporting high-quality ensuite options. Financial details were kept confidential.
This acquisition forms part of a long-standing partnership between Clearbell and Iceni Property – with both firms having collaborated on the day-to-day running and management of a PBSA property in Southampton, Lucia Foster Welch, operated under the Every Student brand. This acquisition brings the total number of student accommodation beds to 1,859 across the portfolio.