Durham University Student Accommodation
Equitix investment: £11.9 million
Date acquired: August 2018
Durham University is a highly selective member of the Russell Group of research-intensive universities. This project comprises the addition of two brand-new colleges with 992 rooms to supplement the university’s existing 16 colleges.
These rooms consist of 708 en-suite bedrooms, 276 rooms with shared bathroom facilities arranged in townhouses and 8 studios. Marketing and allocation functions are retained by the university which will enter into individual student tenancy agreements.
The university takes all credit and void risk on students once the accommodation has been nominated. There is scope for upside potential from increased occupancy and income from vacation periods.