Tristan Capital Partners and Bricks Group Expand PBSA Portfolio via £110m Liverpool Acquisition
This latest acquisition expands the joint venture’s PBSA platform to over 2,100 beds.
Tristan Capital Partners’ CCP 5 Fund along with its joint venture partner, Bricks Group, has acquired a 999-bed purpose-built student accommodation asset in the city of Liverpool from Aura Investors LLP for £110 million.
Liverpool is one of the UK’s leading university centres with more than 70,000 students and five Higher Education Institutes including the prestigious Russell Group, University of Liverpool.
The latest UCAS application data highlights continued growth in the number of domestic students and high-value international students with the UK’s total full-time student population growing by 8% with a further 5% increase predicted in 2021/22.
This latest acquisition expands the joint venture’s PBSA platform to over 2,100 beds located in Birmingham, Manchester/Salford, Glasgow, and now Liverpool – all managed by Bricks’-owned award-winning platform, true student.