Sanctuary has announced it is considering selling 21 student accommodation schemes to raise capital to improve its affordable housing stock.

The 125,000-home association, in a stock market announcement this morning, announced it is looking at options to sell more than 5,600 beds across 21 properties in eight different locations.

A spokesperson said: “Sanctuary is considering options for the potential sale of its student accommodation assets as part of its objective of unlocking and recycling capital for new investment in its existing affordable homes. “