Blackstone-owned iQ Student Accommodation has acquired Ten Traffic Street in Nottingham, a 522-bed purpose-built student accommodation scheme from the Jensco Group.
It opened in September 2022 and includes amenities such as study spaces, a roof terrace and outdoor courtyards, cinema, lounge areas, a coffee shop and private dining space.
Ten Traffic Street is adjacent to the University of Nottingham’s new Castle Meadow campus and close to Nottingham Station. The scheme was 99% leased on opening
Harris Associates acted on behalf of Jensco Group.
Harris Associates head of student accommodation Jamie Harris said: “The sale of Ten Traffic Street, one of the first PBSA asset disposals in 2023, demonstrates the resilience of the PBSA sector.
“High-quality PBSA assets continue to be extremely popular with investors thanks to a continued growth in student demand and a lack of high-quality supply.”
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