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KKR and Round Hill pay £180m for four PBSA schemes backed by Wells Fargo

KKR and Round Hill Capital’s joint venture has acquired purpose-built student accommodation (PBSA) development schemes across the UK for a combined circa £180m.
By James Wallace
October 1, 2018 | 6:11 p.m.

The four PBSA development schemes are being acquired from and built by Watkin Jones and deliver a combined total of 1,815 beds. The joint venture partners are forward funding the developments, with financing from Wells Fargo, in their first JV student housing transaction in the UK.

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News | KKR and Round Hill pay £180m for four PBSA schemes backed by Wells Fargo