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Commercial Property

Mark Stott's Vita Group sells landmark student tower to 鈧�184bn giant

Vita Group was founded by Mark Stott, who also owns Stockport County

Vita Student Lewisham Exchange has been sold to AXA IM Alts(Image: David Lindsay)

The property giant owned by prominent businessman Mark Stott has sold a student apartments tower to an investment giant.

Cheshire-headquartered Vita Group has agreed the deal for Vita Student Lewisham Exchange with AXA IM Alts which has around €184bn of assets under management.

The building, located next to Lewisham train station, officially opened at the start of the 21/22 academic year and totals 758 beds.

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Vita Group’s operating platform Vita Student will continue to run the building on behalf of AXA IM Alts.

Max Bielby, chief operating officer of Vita Group, said: "We’re excited to establish a relationship with AXA IM Alts, agreeing the sale of our flagship Vita Student London residence.

"In securing this deal, it provides the business with the capital and the confidence to continue to develop the Vita Group platform, with an ever-increasing future pipeline of projects."

Vita Group declined to confirm how much the building was sold for.