Student Accommodation
The growing appeal of alternative assets
Investors have been increasingly drawn to sectors such as care homes and student accommodation.
PBSA sector braces itself for severe impact in short term
Construction grinds to a halt as fears mount that Covid-19 crisis will lead to drop-off in student numbers
Empiric faces £21m hit by letting students off final rent payments
Empiric Student Property, which owns and operates student accommodation across the UK, will consider releasing students from their obligations to pay rent from 25 April, potentially taking a £21m hit to its revenue.
Unite cancels rent payments for students wishing to return to their families
Student accommodation giant Unite is set to take a hit of up to £125m by allowing students to forgo rent if they choose to return home for the remainder of the 2019/20 academic year.
Future Generation secures loan for Sheffield scheme
Future Generation has refinanced a £39m development loan that will partly fund construction of the third phase of a Sheffield student accommodation scheme.
Secure Trust Bank Real Estate Finance refinances £18m for QIP
Secure Trust Bank Real Estate Finance has refinanced a £18m facility for Q Investment Partners (QIP), on Straits Manor, a purpose built student accommodation complex in Sheffield.
EREC Estates plans to expand digs portfolio
Anglo-Chinese JV aims to grow student portfolio to 5,000 beds in three to five years
Attlee steps down as Empiric reveals strong annual figures
Student accommodation group Empiric has revealed a robust set of figures for last year with net asset value (NAV), profit and revenue all rising for the year.
Future Generation unveil plans for two student accommodation schemes
Student accommodation specialist Future Generation has unveiled two PBSA schemes and secured a £55m development facility from Maslow Capital.
