Unite Students announces £65m upgrade to three schemes

June 6th 2022 - Posted by

Unite Students, the UK’s largest student accommodation operator, announces £65m refurbishment projects to take place across three of their purpose-built student accommodation (PBSA) properties in Manchester – Parkway Gate, Kincardine Court and New Medlock House. Work on all three schemes are due to complete by September, for the beginning of the 2022/23 academic year.

The projects, which are already underway, will include the creation of over 100 new student beds, enhanced sustainability with improved EPC ratings, the installation of upgraded cladding for enhanced fire safety in line with the latest government regulations, and other enhancements for more sustainable day-to-day operations …

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EQT Exeter to acquire portfolio of six purpose-built student accommodation assets in the UK

May 17th 2022 - Posted by
  • EQT Exeter to acquire six flagship student accommodation assets in two separate transactions from subsidiaries of Watkin Jones PLC and Tide Construction
  • The transactions total 2,313 beds in high-quality developments and will improve the availability of student housing in central locations in top-tier university cities in the UK
  • Bringing its European student housing portfolio to a total of 5,222 beds, EQT Exeter continues to execute on its strategy of providing a high-quality, high value-for-money housing offering with strong sustainability features in university cities that are underserved by the wider residential market …

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UBS buys Nottingham PBSA for £59.8m

March 24th 2022 - Posted by

UBS purchases a Nottingham purpose-built student accommodation asset for £59.8m for its UK core real estate strategy.

UBS Asset Management (UBS-AM) Real Estate & Private Markets has purchased a purpose-built student accommodation (PBSA) asset in Nottingham for £59.8m on behalf of its UK core real estate strategy. The site was originally a mill, and in 2019, was redeveloped into PBSA.

The development was purchased from Tosca Mill 1 – backed by Toscafund via its investment in Mabec Property. The acquisition adds to the company’s existing student accommodation holdings in this high demand growth sector …

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Brookfield expands into Australian PBSA market

March 15th 2022 - Posted by

Brookfield expands into the Australian student accommodation sector with its first investment in Melbourne – in a joint venture with Citiplan.

Global alternative asset manager – Brookfield – has made its first investment in the student accommodation sector in Australia, striking a joint venture with integrated property business Citiplan. The joint venture has acquired a purpose-built student accommodation (PBSA) development site directly opposite the University of Melbourne.

The acquisition of the initial site signals Brookfield’s acceleration into alternative real estate assets in Australia after it acquired seniors living business Aveo in 2019 …

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“U Student instructed TigerLime to conduct a full operational review at one of our sites, this was an in-depth piece of work which was handled extremely professionally. We will continue to work with TigerLime and have no hesitation in recommending them.”

Martyn Boak (Managing Director) U Student Group