A SOUTHAMPTON student housing block has been snapped up by a Singapore-based business.

Sunway RE Capital bought the 233-bed property, Green Wood Court in Bassett Green Road, for an undisclosed sum.

The real estate platform controlled by Malaysia’s Sunway Group acquired the site through its Singapore-established and sponsored private trust Sunway Residence Trust II.

The deal follows recent student accommodation acquisitions in Sheffield and Bristol in 2019, followed by Manchester in 2020, bringing the Southeast Asian investment platform’s UK assets portfolio to £75 million and more than 800 beds across the UK.

READ MORE: Barton Peveril given go-ahead to build new art and design school

Mohammed Saqub, real estate finance partner at Shakespeare Martineau, said: “It is always great to support international institutional investors like Sunway RE with their funding requirements.

"Our real estate finance team has a long-standing relationship with banks and investors looking to invest in UK real-estate including student accommodation.

"Demand for good quality yield-producing assets remains very high.”