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L&G buys £31m Winchester student village

Legal & General Investment Management Real Assets, on behalf of its LPI Income Property Fund, has increased its investment portfolio to more than £870m after completing the acquisition of the 399-bed Queens Road Student Village in Winchester from a private investor.
CoStar News
September 14, 2016 | 2:24 P.M.

The property is let to the University of Winchester for 40 years at a rent of £1.3m pa and was secured for approximately £31m. The lease incorporates annual rental increases linked to RPI.

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