PBSA investment hits £2 billion in H1
PBSA deal volumes rise as investors look beyond short-term disruption
Despite the pandemic having restricted international travel and disrupted study for a large proportion of students, investor appetite for purpose-built student accommodation (PBSA) remains undimmed.
Investors spent £656 million in the sector in the second quarter of this year, taking total spend for 2021 to nearly £2 billion. Investment for the comparable period of 2020 was £5 billion, though £4.66 billion of that was for a single deal, namely Blackstone’s acquisition of the IQ portfolio …