Boot(Henry) PLC HBD sale of Bristol student accommodation
25 November 2019 - 8:00PM
RNS Non-Regulatory
TIDMBOOT
Boot(Henry) PLC
25 November 2019
25 November 2019
HBD Bristol
Bristol student accommodation portfolio finds new home with
GBP18.65million acquisition
Two of Bristol's most popular student accommodation buildings
have changed hands this week, with Sunway Residence acquiring
Centregate and The Colston for GBP18.65million.
HBD developed both assets as part of a joint venture with The
Markey Group.
Both Centregate and The Colston underwent significant
refurbishment and renovation and are now among Bristol's most
successful student accommodation, being fully let every year.
Located at the heart of the city, both the 86-bed Centregate and
77-bed The Colston provide high-end space. Centregate's luxury
self-contained apartments boast high-spec interiors, while The
Colston benefits from a contemporary design along with a large
communal lounge for those living within the building.
Julian Painter, Director at HBD and head of its Bristol office,
said: "Both prime assets, Centregate and The Colston were HBD's
first foray into the student accommodation market, which has proved
very successful.
"Both have a solid trading history, are extremely well-located
and are designed to the highest standards, so we've no doubt that
they will continue to perform well."
The sale of the two buildings does not affect the operating of
Centregate or The Colston.
Along with its Bristol office, HBD also has offices in Glasgow,
Manchester, Birmingham, London and Sheffield. It is working with a
development pipeline of more than GBP1.6bn and boasts a diverse
UK-wide portfolio, comprising big-brand retail, office spaces and
logistics through to residential innovation and award-winning
heritage projects.
-ends-
Press contact:
Emma McCallum
emma@emccallumpr.com
07927042054
Editors' Notes
About HBD
HBD is the trading name of Henry Boot Developments Limited,
which is part of the Henry Boot Group of Companies, with over 130
years' experience of bringing buildings back to life.
Headquartered in Sheffield with offices in Glasgow, Manchester,
Birmingham, Bristol and London, HBD take on ambitious developments
in a diverse range of sectors across the UK.
With a commercial development pipeline of over GBP1.6bn, its
portfolio includes everything from big-brand retail, office spaces
and logistics, through to residential innovation and award-winning
heritage projects - no two developments are the same.
From the GBP333m P&J Live Arena in Aberdeen, its GBP250m
Kampus development, Manchester's newest neighbourhood, through to
the vast 370-acre International Advanced Manufacturing Park in the
North East, HBD creates places with purpose.
Find out more via the HBD website
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