By Richard Hook2018-10-24T12:43:00
Evans Property Group has appointed Deloitte Real Estate to sell the remaining student accommodation assets it holds at York University’s £750m Heslington East Campus.
Evans has sold its 50% stake in Constantine College accommodation back to the university and is now seeking to dispose of the two remaining colleges, comprising of 1,240 beds, on the open market.
The buildings were developed in joint venture by Evans and York University in 2014 as part of plans to double the university’s size through a £750m campus extension. All three blocks are owned in equal share by Evans and the university, with Evans selling its interest in Constantine College at a twenty-times multiple to development cost.
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