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22nd October 2018

Maven sells Dundee student accommodation asset for £9.5 million to 90 North

Maven Capital Partners, a leading UK property and private equity manager, has sold Marketgait Apartments, a 116 bed purpose built student accommodation development in Dundee to 90 North Real Estate Partners LLP. The asset has been sold for £9.5 million generating a return in excess of 2x Multiple of Money for Maven’s clients in little over three years.

Maven purchased the property for £1.55 million in April 2015 and, following a comprehensive £5 million internal refurbishment, Marketgait Apartments opened in time for the start of the 2016/17 academic year. The property enjoyed 100% occupancy last year and is fully let again for the 2018/19 student year.

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