Mansion launches Student Accommodation fund

The Mansion Group has launched a specialist Guernsey-based Student Accommodation fund.

Listed on the Channel Island Stock Exchange on 11 December 2009, the monthly-dealing Mansion Student Accommodation fund completed its first property purchase of St. Andrews Gardens in Liverpool on 24 December. The purchase was supported by equity raised through IFAs and debt funding from Barclays, which has supported The Mansion Group on all of its acquisitions to date. St. Andrews Gardens is a purpose built student hall of residence with 421 beds across 96 flats and represents a net initial yield of 7%. The fund launched with an initial share price of 100p, following its first pro...