BOOT (HENRY) PLC — M&A Activity 2019

Nov 25, 2019

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RNS Number : 4015U

Boot(Henry) PLC

25 November 2019

25 November 2019

HBD Bristol

Bristol student accommodation portfolio finds new home with

£18.65million acquisition

Two of Bristol's most popular student accommodation buildings have changed hands this week, with Sunway Residence acquiring Centregate and The Colston for £18.65million.

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 £1.6bn and boasts a diverse UK-wide portfolio, comprising big-brand retail, office spaces and logistics through to residential innovation and award-winning heritage projects.

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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 £1.6bn, 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 £333m P&J Live Arena in Aberdeen, its £250m 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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