PILinvests launches £50m student accommodation fund
PILinvests has launched the Crosslane Student Accommodation fund for investors looking to invest in a portfolio of purpose-built private sector student accommodation in university cities across the UK.
The properties will be managed and let by the Crosslane team, who have an existing portfolio of similar assets.
Investors subscribing for the first £12m of equity will be issued with participations equivalent to 107 per cent of equity invested …