UBS-AM buys GBP60m student asset for UK core real estate strategy
UBS Asset Management (UBS-AM) Real Estate & Private Markets has bought a GBP59.8 million (EUR69.6 million) student accommodation asset in Nottingham on behalf of its UK core real estate strategy. UBS-AM REPM said the property was purchased from Tosca Mill 1, backed by Toscafund via its investment in Mabec Property. Oliver Abram, portfolio manager at UBS-AM, said: “This transaction supports a key focus area for our UK core real estate strategy which is to target income accretive assets within the...