EQT Exeter to Acquire Student Housing Portfolio from Watkin Jones and Tide Construction.

MANews-(C)2009-2022

Pennsylvania, US-based real estate investment manager EQT Real Estate II fund (EQT Exeter) has agreed to acquire six flagship student accommodation assets in two separate transactions from subsidiaries of UK-based student housing developer Watkin Jones PLC and Tide Construction, the company said.

Terms of the transaction were not disclosed.

The transactions amount to 2,313 beds, 1,254 of which are currently operating with a further 1,059 beds that will be developed by Watkin Jones and delivered during 2023 and 2024.

From Watkin Jones, EQT Exeter has agreed to acquire five assets with a total of 2,063 beds in Bath, Nottingham, Swansea, Bristol and Glasgow.

From Tide Construction, EQT Exeter has agreed to acquire 250 beds in an operating asset known as Great Court, located in South...

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