Press Release – Property Week – 90 North adds Leamington scheme to student offering
90 North Real Estate Partners has acquired a student accommodation scheme in Leamington Spa.
It acquired The Union for £17.2m from Alumno Developments. The 64,000 sq ft building was completed in September 2017 and has 187 bedrooms – a mix of ensuite rooms and studio flats – used to house Warwick University students. It is managed and operated by Homes for Students.
The acquisition is the second under 90 North’s Academy UK student housing programme and takes the number of beds that it owns more than 2,200.
John Yeend, partner at 90 North, said: “With 5,000 Warwick University students living in Leamington Spa but fewer than 500 purpose-built student accommodation units for them, the town is severely undersupplied. Alumno has created superb accommodation that will be attractive to students for many years to come.”