‘The time is right for something different’ Mar 18, 2021 UKREiiF Advisory Group chair Lord Kerslake has held a variety of roles within the built environment industry during the last two decades, including Chair of housing association Peabody and Be First (the growth and regeneration agency for Barking and Dagenham). Here he outlines why the time is right for UKREiiF I’ve been involved in development […] Posted by: Mark Flanagan Read more
£300m development portfolio – Aitch Group diversify in challenging market with new land sought Apr 25, 2023 In 2022, property developer Aitch Group spend £70 million on land across four London boroughs including Brent, Waltham Forest, Greenwich and Southwark. This added a further £300 million (GDV) to the Aitch Group development portfolio. With immediate funds available, Aitch Group are now seeking more land for development in 2023 and onwards – specifically sites […] Posted by: Mya Driver Read more
£50m Midlands/North-based student homes partnership Mar 11, 2021 Two companies have joined forces to create a £50m portfolio of professionally-managed student houses in the UK. Real estate fund manager Moorfield Group and We Are Kin, a landlord and refitter of student homes, have seeded their venture with a £10m property portfolio and aim to grow it to more than 1000 beds. They are […] Posted by: Mark Flanagan Read more
£850m student housing JV set to be formed Nov 10, 2021 Canada Pension Plan Investment Board (CPP Investments) and Round Hill Capital have formed a €1bn European student accommodation investment partnership. CPP Investments, the investment arm of the Canada Pension Plan, is allocating an initial €475m of equity to the venture which will invest in standing assets and developments across PBSA markets in Continental Europe. By […] Posted by: Nathan Spencer Read more
11-PBSA units totalling 4,500 beds sold in £306m deal Mar 8, 2022 Unite Students has disposed of an 11-strong property portfolio – comprising 4,488 beds – for £306m, with the company’s share sitting at £236m. The deal – struck with an affiliate of Lone Star Funds – includes assets in Sheffield (1,700 beds), Reading (703 beds), Leicester (665 beds), Bedford (517 beds), Liverpool (390 beds), Birmingham (337 beds), […] Posted by: Nathan Spencer Read more
370-bed Swansea student accommodation scheme greenlit Aug 4, 2021 Watkin Jones, the UK’s leading developer and manager of residential for rent homes, with a focus on the build to rent (BtR), co-living and student accommodation (PBSA) sectors, is pleased to announce that it has received resolution to grant permission for a 370 bed PBSA scheme in the heart of Swansea, its second in the […] Posted by: Nathan Spencer Read more
Aldermore providers £15m loan Pickard Properties for PBSA project Jan 10, 2022 Aldermore Bank has provided Carlton Hill Holdings Limited, a subsidiary of the Pickard Properties Group, with a £15.3m loan which will be used to refinance an existing loan and to raise additional capital, to assist in the development of a large student accommodation block in Leeds. The loan is made up of a ten-year, part […] Posted by: Nathan Spencer Read more
Aldermore provides £21m of loans for PBSA development in Leeds Oct 21, 2022 Aldermore has provided loans totalling £20.9m to Study Inn Group for a 400 room, two phase student accommodation development, in the heart of Leeds city centre. The first phase, Brotherton House on Grace Street was converted and regenerated to create 163 rooms and opened for the student intake in September 2022 with all rooms fully […] Posted by: Nathan Spencer Read more
Aviva Investors’ Lime Property Fund acquires Bath based student accommodation Feb 14, 2022 Aviva Investors, the global asset management business of Aviva plc (‘Aviva’) announces it has completed the purchase of a purpose-built student accommodation (PBSA) in Bath on behalf of the Lime Property Fund (‘Lime’ or ‘the Fund’), acquiring Green Park House from Bath Spa University. As part of the transaction, the Fund has simultaneously entered into […] Posted by: Nathan Spencer Read more
AXA IM Alts acquires highly sustainable student scheme in London Dec 14, 2022 AXA IM Alts, a global leader in alternative investments with c. £159 billion of assets under management, announces that it has acquired Vita Student Lewisham Exchange, a 758-bed purpose built student accommodation (“PBSA”) scheme in Lewisham, Southeast London. The acquisition, on behalf of clients, has been made from Vita Group, which has developed nearly 10,000 […] Posted by: Nathan Spencer Read more
Brookfield & Student Roost – creating market leading property and great student experience May 19, 2021 Ahead of their involvement in our Student Accommodation Conference next week we’ve been speaking to Brookfield’s Jeannie Wong – Senior Vice President of Portfolio Management… Brookfield has a massive presence on the UK Student Accommodation market, with 20,000 beds under management with the Student Roost brand, how do you ensure you provide a real home […] Posted by: Nathan Spencer Read more
Cain and Fusion form £1.5bn PBSA joint venture Feb 10, 2022 Cain International (‘Cain’), the privately held investment firm operating in the United States and Europe, has established a new joint venture with leading student accommodation developer, Fusion Students (‘Fusion’), to invest in Purpose Built Student Accommodation (‘PBSA’) across popular UK university cities. The joint venture partners already have assets under exclusivity in Portsmouth, Liverpool, Manchester, […] Posted by: Nathan Spencer Read more
