Abrdn has invested £123 million (€144 million) in a UK student housing project on behalf of its strategic partner Phoenix Group and clients.
The fund manager has backed the University of Sussex and Balfour Beatty Investments’ West Slope Residencies Finance project partnership, by investing £110 million on behalf of UK savings and retirement business Phoenix and £13 million on behalf of the Inflation-Linked Infrastructure Debt Fund, Abrdn’s evergreen UK-focused fund.
The West Slope partnership will design, construct and maintain 1,900 new units of student accommodation at the University’s campus in Falmer, north of Brighton. The West Slope development is expected to be completed in April 2028.
Source: realassets.ipe.com on the 21st of February
https://realassets.ipe.com/news/abrdn-invests-123m-in-uk-student-housing-project/10071717.article