A parade of student accommodation blocks located within 10 minutes’ walk of Central Oxford, and benefiting from large gardens and off-street parking. Acquired in August 2013..
The holding was acquired in two tranches over a period of 12 months, during which time planning permission was secured to convert the properties back into 5 private houses. The houses were then sold to owner-occupiers.
Equity Multiple: 1.63x.
Ungeared IRR: 85.9%.
Hold period: 18 months.
Acquired on behalf of: