Oaktree Capital-backed Knightsbridge Student Housing is investigating a £450m sale of a 5,867-bed portfolio.
JLL has been appointed to advise on a deal at a price reflecting a circa 6% yield.
Knightsbridge is the latest company trying to capitalise on international interest in the student housing sector, others include Carlyle Group, which this week brought its £500m, 2,150-bed portfolio to market.
The Knightsbridge portfolio includes nine completed developments, including 187-bed Magenta House, E1, and the 330-bed Stephenson building in Newcastle.
A further three schemes that will be completed shortly are also included.
Knightsbridge was launched in 2010 by Bob Crompton, who previously headed student accommodation provider Victoria Hall. It has so far accumulated more than 10,000 beds.
Huw Forrest, director of student housing at JLL, said: “We are seeing a significant pool of both UK institutional and overseas equity looking to gain critical mass in the UK.”
Overseas investors include US group Greystar. In April it teamed with Canada’s Public Sector Pension Plan Investment Board to buy three London blocks for £174m.
