Five PBSA schemes acquired by Zenzic Capital and Torsion Group JV
Real estate credit and special situations investment manager Zenzic Capital has launched a new UK purpose-built student accommodation (PBSA) strategy with a target portfolio GDV of over £500m. The strategy, through which Zenzic will invest in existing stock and develop new assets, will help address the UK’s acute shortage of high-quality PBSA.
This new strategy has been seeded with the acquisition of five major schemes with a total GDV of over £147m through a JV with developer, contractor, and operator Torsion Group. The JV is targeting a total portfolio GDV of over £250m across seven schemes and will deliver a much needed 1,566 rooms by the end of this year …