Sanctuary Housing Association is looking to sell a £400m portfolio of purpose-build student accommodation assets.
The portfolio comprises 5,500 beds across 21 properties located in London, Brighton, Bradford, Dundee, Falmouth, Glasgow, Liverpool, Manchester, Ormskirk, Salford and Preston.
EY has been appointed to market the Sanctuary Students portfolio.
Sanctuary is looking to sell its PBSA stock to raise capital to invest in its housing business.
Worcester-based Sanctuary Group was established in 1969, originally named World of Property Housing Trust. The business has grown through a number of company acquisitions and mergers, bringing it to 100,000 homes.
Sanctuary merged with Southern Housing Group, founded in 1910 with a portfolio of 30,000 homes in London and the South East, to create the UK’s largest housing association in 2021.
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