Category: Investment Activity

Consultancy company Beachrock has sold Chamberlain Place, a PBSA property in Birmingham to Apollo Global Management for £32.5m. The deal reflects a net initial yield of 5.75% or £142,000 per student bedroom.

Located opposite Aston University, Chamberlain Place includes accommodation for 209 students in the Grade II listed building. Amenities include a gym, communal area, study spaces, cinema lounge, private dining room and laundry room. Residents also have access to bike storage.

The Chamberlain Place development was acquired and developed in 2023 by the Birmingham Property Group. The scheme is managed by Homes for Students …

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Rhize Capital (“Rhize”), the leading specialist debt funding platform for European student housing markets, is pleased to announce the completion of a €100m loan facility for two student housing schemes in Milan, Italy.

This marks the first Italian loan for Rhize, a partnership between Kinetic Capital, a specialist lender in the purpose-built student accommodation sector and Kayne Anderson Real Estate, the real estate private equity arm of Kayne Anderson Capital Advisors.

Under the transaction, Rhize will provide financing for two student housing projects being developed by Proprium Capital Partners and their operating partner, Collegiate AC.  The two schemes are in the popular student city of Milan, home to 210,000 full-time students, and are both in prime locations with connections to key universities and feature market-leading amenities including swimming pools, gyms, and extensive study spaces, along with strong environmental credentials …

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Aviva Investors, the global asset management business of Aviva, has acquired a portfolio of six Purpose Built Student Accommodation (PBSA) assets and a mixed-use commercial investment, extending its strategic asset allocation to the direct let PBSA sector.

Aviva Investors’ operating partner will be Curlew Capital, who will be responsible for lettings, maintenance, and ongoing site management alongside property managers Fresh …

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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 …

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UK student accommodation provider Unite Students is investing £185 mln (€215 mln) in a new eco-conscious project in London’s vibrant Stratford district …

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Investment management firm Harrison Street launches a newly-formed programmatic joint venture with real estate development company Artisa Group, who have an established presence in the Swiss and European markets. The joint venture will see the acquisition of Viale Monza – a 260-unit residential development in Milan, Italy. Upon completion, Viale Monza will be managed by Swiss living operator City Pop, and will house both students and non-students.

City Pop currently manages a portfolio of apartments across Switzerland and Germany and plans to continue its expansion across additional properties in Italy and the Czech Republic …

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Student accommodation provider iQ Student Accommodation (iQ) announces that it has supported alternative asset manager Blackstone in the acquisition of two PBSA assets from Downing Students.

The acquired assets – in two of the UK’s most vibrant and popular university destinations for students – include the 841-bed Vega in London and the 324-bed The Mont in Edinburgh …

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ATK Property Group has bought the 725-bed property on King Street.

The lack of student accommodation on offer in the Granite City has been highlighted as a concern for many years.

ATK Property Group co-owner Richard Thom said it was “an exciting time to be investing in Aberdeen” due to its “prestigious universities” …

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Bricks Group and Tristan Capital Partners’ CCP 5 Fund have acquired a 457-bed purpose-built student accommodation (PBSA) asset in Salford for £68m.

Bricks Group worked with Pinsent Masons on the deal, while Tristan Capital Partners were advised by BCLP, Workman, PWC, Longevity, Knight Frank and TigerLime.

Catering to students from both the University of Manchester and University of Salford and managed by Bricks Group’s award-winning platform true student, the new 14-storey true student Salford Two development looks out over Media City …

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