Beachrock has significantly lowered the asking price for a purpose-built student accommodation (PBSA) portfolio, now seeking £30 million after initially marketing the properties at £90 million. The portfolio comprises over 1,000 student beds across Coventry, Nottingham, and Sheffield.
The assets are spread across Coventry, Nottingham, and Sheffield. Initially part of the offering, a Cambridge property is no longer included. The remaining properties, which vary in size and price per bed, are available for purchase individually or as a group, with offers due by March 20.
The portfolio is now priced at £26,300 per bedroom, aligning with previous market interest. Beachrock stated that the new price reflects previous interest in the portfolio, aligning with market valuations.
