AN international estate agents has acquired a Scottish student accommodation for £72 million.
Hines has bought True Glasgow West End which was completed in 2017 by Bricks Capital, a London-based property development, hospitality and management group.
The development is one of Glasgow’s most popular student halls, featuring amenities including a 4K HD cinema, residents’ gym, cafe, study rooms, games room, football pitch and “festival zone” events space. The site will now be managed by Aparto, Hines’s student accommodation platform, and will be rebranded as “Aparto Glasgow” incorporating community-focused events and wide-ranging student support.
Jurrien de Koning of Hines UK, said: “Glasgow is a highly popular student destination and True Glasgow West End provides an exceptional student experience that aligns perfectly with our Aparto platform. The acquisition of high-quality existing student accommodation assets in top university locations will form an important part of our strategy.”
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