Bristol student accommodation portfolio finds new home with £18.65million acquisition

Two of Bristol’s most popular student accommodation buildings have changed hands this week, with Sunway Residence acquiring Centregate and The Colston for £18.65million.

HBD developed both assets as part of a joint venture with The Markey Group.

Both Centregate and The Colston underwent significant refurbishment and renovation and are now among Bristol’s most successful student accommodation, being fully let every year.

Located at the heart of the city, both the 86-bed Centregate and 77-bed The Colston provide high-end space. Centregate’s luxury self-contained apartments boast high-spec interiors, while The Colston benefits from a contemporary design along with a large communal lounge for those living within the building.

Julian Painter, Director at HBD and head of its Bristol office, said: “Both prime assets, Centregate and The Colston were HBD’s first foray into the student accommodation market, which has proved very successful.

“Both have a solid trading history, are extremely well-located and are designed to the highest standards, so we’ve no doubt that they will continue to perform well.”

The sale of the two buildings does not affect the operating of Centregate or The Colston.

Along with its Bristol office, HBD also has offices in Glasgow, Manchester, Birmingham, London and Sheffield. It is working with a development pipeline of more than £1.6bn and boasts a diverse UK-wide portfolio, comprising big-brand retail, office spaces and logistics through to residential innovation and award-winning heritage projects.