Meadow Court Student Housing Sells For £10M In Edinburgh
St. Regent LP sold its 148-bed student accommodation property, Meadow Court, at Sciennes in Edinburgh, to McLaren for £10M. Meadow Court has been fully let for the last five years, including the 2016-17 academic year.
Meadow Court, acquired by St. Regent in 2011 and refurbished in 2012, comprises cluster flats and five-bed Mews Houses. Amenities include a well-specified kitchen and laundry facilities in each flat. Each flat has free WiFi and a lounge with flat-screen TV. The property also has on-site management and maintenance, bike storage and car parking.
The property is a five-minute walk from George Square, which lies at the heart of the University of Edinburgh’s main central Campus. Meadow Court is just to the north of Edinburgh Waverley station, and the Old Town and city centre are both within a short walking distance.
Crosslane advised St. Regent on the sale, with Cushman & Wakefield acting for Crossland and Knight Frank for McLaren.