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Student accommodation contracts awarded

27 April 2016

Working on behalf of Lothbury Investment Management, Lothbury Property Trust has awarded has appointed Homes for Students to manage four new student accommodation schemes.

With the total number of beds exceeding 900, the schemes are located in Aberdeen, St Andrews, Durham and London and are being developed by Alumno.

Included within these is a 135-bed scheme in St Andrews, which opened last year, a new 196-bed property in Aberdeen and the Town Hall Camberwell, a 168-bed development in London that opened this year and a new 418-bed scheme at Sheraton Park, Durham, due to open next year.

The contract requires Homes for Students to provide services including a booking and marketing platform, sales teams, rent collection and financial management, tenancy management, help desk and reception, full facilities management, life cycle and asset management and energy management.

Lothbury Investment Management chief executive Simon Radford said his company was "pleased to be investing" in the schemes as they represent Lothbury Property Trust's entry into the new property sector.

"We look forward to working with Homes for Students to achieve investment objectives of the fund and to provide a high standard of accommodation services for the tenants."

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