Cushman & Wakefield Advises on $77M Purchase of Student Accommodation Asset in Bristol Cushman Wakefield (NYSE: CWK) advised on the forward purchase of a purpose-built student accommodation (PBSA) asset in the city center of Bristol, England. F3GROUP has agreed the sale to one of DWS' German real estate funds. The purchase price is approximately $77 million (£57 million) and construction will complete ahead of the 2021-2022 academic year. The building is leased to the University of Bristol on a long-term basis. Located in the Redcliffe area of Bristol city center, the asset is designed by award-winning architects GSS and, once complete, will provide state-of-the-art PBSA with 357 student beds in total. Total floor space is more than 92,000 square feet and amenities include a gym, study space, bike parking, cinema room and communal lounge.