Marketgait, Dundee

Sector Property
Deal Type Realisation
Initial Investment April 2016
Transaction size £6.7m
Location Dundee
Maven Office Glasgow
Marketgait logo

MarketgaitMaven purchased The Courthouse Apartments, a purpose built student accommodation (PBSA) development in the heart of Dundee. The property underwent a £6.7m complete internal refurbishment, resulting in a superior 116 bed development. It reopened under the name of Marketgait Apartments for the start of the 2016/17 academic year.

Originally built in 2007, the building is benefitted from a complete overhaul and reconfiguration of the internal structure, creating 94 studio apartments, 22 ensuite bedrooms spread across four flats, and a resident’s common room. The building occupies a prime position in the centre of Dundee and is located only a short walk from both the University of Abertay and Dundee University.

In October 2018 Maven sold the development to 90 North Real Estate Partners for £9.5 million generating a return in excess of 2x for Maven Investor Partners in little over three years.

Interested in property investment through Maven? Get in touch with one of our investment team today.
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