US PE firm invests £120m in UK student housing

The deal, Starwood’s first in the UK, totals 1,595 beds in England and Scotland, adding to the 6,855 student beds under Starwood management in the US. “We look forward to building on this transaction to establish a sizeable student housing platform in the UK” The “six modern, purpose-built, premium student accommodation assets” are in The Haymarket in Edinburgh, Chestnut House in Cambridge, The Walls in Southampton, St James House in Glasgow and Union Square and Stepney Yard, both in Newcastle. The ‘forward funded’ Newcastle development is slated be ready for the 2018/19 academic…

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