The Edinburgh-headquartered firm, formerly known as Grant Property, debuted the investment vehicle in May, targeting prime city-centre properties in large university cities, looking to capitalise on a flourishing market.
It said it drew interest from existing clients looking to transfer property into the Reit, adding: “There are also active discussions with new clients including institutions, wealth-managers, private-equity companies and family offices. A number of private landlords have also approached the team about selling their portfolios into the Reit.”
The business, which was founded by Peter Grant 25 years ago, added that the Reit has launched on the The International Stock Exchange and will move onto the London Stock Exchange as it scales up, also stating that it is currently sitting at 100 per cent occupancy.
Sandstone expects an annual dividend yield of between 3.5 per cent and 4 per cent within the first three years, rising to around 5.5…
