St Katherine Investment Group has appointed BNP Paribas Real Estate to market the Ultra-Life student accommodation portfolio in Southampton, seeking offers above £25m.
The portfolio comprises three freehold schemes, Marland House, The Courtyard, and Queens Gate, with a total of 220 studio apartments that are 100% let for the 2025-26 academic year, plus six fully let commercial units.
The student apartments, which have an average rent of £233 per week, were developed and refurbished by St Katherine between 2014 and 2016.
The portfolio is managed by Homes for Students and generates a net annual income of £1.88m. All three buildings are close to the University of Southampton and Solent University.
Nick Robinson, senior associate director, residential capital markets at BNP Paribas Real Estate, said: “Opportunities of this scale and quality are increasingly scarce. The Urba-Life Portfolio delivers reliable, fully stabilised income with clear potential for further value creation.
“Southampton’s strong demand fundamentals, limited supply pipeline and resilient rental performance continue to make it one of the UK’s standout PBSA markets.”
Earlier this week, Edmond de Rothschild Real Estate Investment Management put a portfolio of 405 rental homes in Glasgow, Nottingham, Newcastle and Leicester up for sale, seeking offers in excess of £71m.
Please visit:
Our Sponsor