Industry leading development and operating platform Vita Group has sold Vita Student Lewisham Exchange, its flagship London modular purpose-built student accommodation (PBSA) scheme to AXA IM Alts, a global leader in alternative investments with c. €184bn of assets under management.
The Group’s award-winning operating platform, Vita Student will continue to run the building to its high brand standard on behalf of AXA IM Alts – ensuring no change in service for its residents.
Vita Student Lewisham Exchange officially opened at the start of the 21/22 academic year. The scheme includes 758 student beds in a prime location next to Lewisham train station. Amenities include a vibrant hub, gym, private dining rooms and study spaces. The building is targeting a BREEAM Excellent certification and is EPC rated A.
“Partnering with a leading UK operator, this is a best-in-class scheme with a diverse mix of domestic and international students, in a well-connected location in what is one of the world’s leading higher education clusters.”Stuart Carr-Jones, Head of UK, Ireland & Emerging Europe Transactions, AXA IM Alts
The sale of the development will enable Vita Group to continue to develop its platform, with new brands launching and a robust pipeline of projects outlined for the next five years.
“We’re excited to establish a relationship with AXA IM Alts, agreeing the sale of our flagship Vita Student London residence. In securing this deal, it provides the business with the capital and the confidence to continue to develop the Vita Group platform, with an ever-increasing future pipeline of projects.”Max Bielby, Chief Operating Officer, Vita Group
In 2022, the business launched three new residences including its first in Barcelona – Vita Student Pedralbes, Warwick – Vita Student Canon Park and Cardiff. The Group’s development pipeline now stands at over £2bn+ with over 10,000 beds in the making.