Advised by Lismore Real Estate Advisors, BP Investment Management have acquired Meadow Court in Edinburgh from McLaren Property.
Located within 5 mins walk of The University of Edinburgh’s central campus, in the attractive “Sciennes” area of the city, Meadow Court comprises a 148 bed PBSA development which was extensively refurbished in 2017. The asset offers a mixture of cluster/townhouse suites and is 100% occupied for the 2021/22 academic year.
The price of £16.1million reflects a net initial yield of 5.4%.
