LaSalle Investment Management has bought Bristol’s King Square Studios from The Homes Partnership for £33.5m – a circa 6% yield.
The off-market deal adds to LaSalle’s growing student housing portfolio. The 69,000 sq ft, 301-bed block is majority let to Bristol University students.
In February, LaSalle bought the 435-bed Victoria Hall in Wembley for £41.5m from Westbrook Partners.
It then bought The Curve, a £60.5m, 350-bed student scheme in Whitechapel, E1, from Bridges Sustainable Property Fund and Chancerygate.
