Harrison Street and CA Venture have formed a new joint venture partnership to develop and acquire purpose-built student accommodation (PBSA) assets across the United Kingdom.
The joint venture announced its first four PBSA development projects, totaling 935 total beds located in London, Edinburgh, Leicester and Belfast. Each property offers units with bed-bath parity and top-of-the-line amenities, including fitness centers, cinema rooms, outdoor courtyards, game rooms and study lounges. All four assets will be managed by CA Venture’s in-house PBSA operating platform, Novel Student.
“This joint venture is a testament to Harrison Street’s long-term conviction in the European student accommodation sector,” said Paul Bashir, chief executive officer of Harrison Street’s European business. “We are excited to expand our presence in top-tier university cities in the United Kingdom, with each having growing student populations in need of high-quality PBSA that ca
