Future Generation seeks £200m for Whistler portfolio

Developer Future Generation is selling a portfolio of 1,500 student beds for £200m. The Whistler portfolio comprises four buildings in Colchester, Loughborough (pictured), Nottingham and Sheffield. The buildings are currently held in Future Generation’s joint venture between Tadhamon Capital and Southern Grove, and are managed by Homes for Students. The properties are around 18 months old. Hesham AlGassab, chief executive at Tadhamon Capital, said the sale was “the culimination of years of hard work”. Future Generation has appointed JLL to sell the portfolio. Huw Forrest, head of student living at JLL, said: “The UK student housing market has demonstrated great resilience over the past two years, despite the challenges all sectors of real estate have faced. “This resilience is being viewed as attractive to a range of UK and global investors, and high-quality portfolios like this are a rare opportunity.” To send feedback, e-mail emma.rosser@eg.co.uk or tweet @EmmaARosser or @EGPropertyNews Image © Future Generation, courtesy of JLL