EQT Exeter is buying six student accommodation assets in two separate transactions from subsidiaries of Watkin Jones PLC and Tide Construction.
The transactions total 2,313 beds in developments and will improve the availability of student housing.
Russell Petrie, Head of Student Housing – Europe, EQT Exeter said, “These transactions mark a significant milestone for EQT Exeter’s expansion in the European student housing sector, bringing the total number of student beds in operation or in development to 5,222 and adding a new country to our European footprint. By selecting the best locations in undersupplied markets coupled with an unwavering focus on tenant experience, we expect these assets to be highly attractive to students by providing an environment where they can thrive both educationally and socially.”
EQT Exeter was advised by DLA Piper and Capita on the transaction with Watkin Jones. EQT Exeter was advised by Harris Associates, Taylor Wessing and Arcadis on the transaction with Tide Construction.