Ermin Hall, Gloucester

Gloucester

September 2023

Ermin Hall, Gloucester

PBSA

City

Gloucester

Client

Property Company

Service

Lot Size / Asset Size

£4m

A 2005 built student accommodation scheme comprising 86 en-suite beds in 13 cluster flats. Leased to the University of Gloucester to 2030 with upwards only RPI-linked reviews every 3 years.

Service

  • Investment Brokerage
  • University Partnership Agreement
  • Headlease Acquisition

AREA in Action

  • AREA advised on the successful acquisition of Ermin Hall
  • Investment Brokerage services to acquire the property.
  • Scenario tested re-geared and FRI leased scenarios at a rebased passing rent and lease term length.