The Pickstock Group is pleased to announce the successful sale of Saltwater Place, a high-quality student accommodation asset in Plymouth, to Veld Capital in partnership with Avignon Capital.
Saltwater Place, a modern 348-bed property, has been a standout development in Plymouth’s student housing market, offering premium living spaces tailored to meet the needs of today’s students. Strategically located near the University of Plymouth, the property features a range of amenities, including communal study areas, social spaces, and on-site management services.
The sale to Veld Capital and Avignon Capital highlights continued investor confidence in well-located, high-quality student accommodation.
“We are proud of what we have achieved with Saltwater Place and are confident it will continue to serve as an outstanding residence for students in Plymouth under its new ownership and ongoing management by Homes for Students,” said Kate Pickstock, Development Director at The Pickstock Group. “This sale reflects our commitment to delivering exceptional student living while reinvesting capital into future developments. It also underscores the resilience of the student housing sector and the strong demand for well-positioned, high-quality assets.”
Veld Capital, in partnership with Avignon Capital, brings extensive expertise in real estate investment and asset management. Their acquisition of Saltwater Place aligns with their strategy to expand their portfolio of high-quality student accommodation in key UK university cities.
Beachrock acted as the agent representing The Pickstock Group in the transaction.