Heitman LLC (“Heitman”), a global real estate investment management firm, today announced that it has invested in the Hollis Building, Bath, a 120-bed student housing development in an off-market transaction with Alumno Group, a leading student housing developer based in London.
Heitman made the investment in connection with its global strategy.
The asset is well-located to service both Bath Spa University and the University of Bath and will provide housing to the city’s dynamic and growing student population. The development will feature a biodiverse green roof and photo-voltaic panels to meet part of the project’s energy needs.
“We are pleased to continue our partnership with Alumno Group and deliver premium student housing assets for the UK’s growing domestic and international student populations,” said Caleb Mercer, Heitman Managing Director of European Real Estate Investment. “The need for student-specific housing remains significant as demand for space continues to outpace supply.”
Mercer added, “The resiliency of purpose-built student accommodation has been clearly evidenced over the past year. Demand for student housing remains intact and is expected to accelerate as the sector continues to benefit from steady occupancy gains, strong investor interest, and high barriers to entry.”
You can now read the full press release at the link below