Turkey’s largest and first PBSA provider UNIVA has made its first UK investment as part of a Europe-wide push to double its portfolio.
It has acquired a 140-bedroom scheme in Cardiff from Opto Property Group for £10m, which will develop and operate the scheme.
The scheme, UNIVA & Opto Cardiff, incorporates a basketball court, tennis court, games room, club house, spa treatment and wellness salon, with a rooftop workstation, sky gardens and sky bar.
UNIVA is a subsidiary of real estate investment specialist Erkanli Holdings. It has a portfolio of 4,911 student bedrooms and a target to grow this to 10,000 beds within five years. It is currently seeking other PBSA investment opportunities in Europe, with an immediate focus on the UK, Germany and Spain.
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