Student Investment Still Going Strong in Coventry

9th January 2019

Bromwich Hardy have recently completed the investment sale of Apollo House and the Annexe, to international student fund L1 Property.  The two buildings house 161 student beds and have been operating as student halls for the last 20 years, taking students from both Coventry and Warwick Universities.  The sale completed prior to the Christmas break with the purchasers taking over management of the buildings and the existing contracts with students, in a deal that equated to a 9.82% Net Initial Yield.

James Brookes, Partner at Bromwich Hardy commented: –

“Coventry has seen an explosion of student housing development over the past couple of years, but this has mainly been due to the fact the City had one of the lowest percentages of purpose-built stock in the country, so there was a long way to go!  It is good to know the existing stock is still highly in demand and we are achieving strong values in a fast-changing market”.

15th May 2019

FORMER COLLEGE SITE SOLD IN HENLEY IN ARDEN

Acting on behalf of the Warwickshire College Group, Bromwich Hardy have sold the freehold of the former Henley in Arden…

16th April 2019

FREEHOLD INDUSTRIAL UNIT SNAPPED UP IN RAPID TIME

Bromwich Hardy have a freehold industrial unit of 7,182 sq. ft. in Farmer Ward Road, Kenilworth with completion taking place…

12th April 2019

The Warwickshire office of a global project, engineering and environmental services has relocated

Wood, which was formed by the merger of Wood Group and Amec Foster Wheeler Group in 2017, has moved from…

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