Publications

Invesco Real Estate to deliver 261-bed PBSA asset in Manchester
Other - JULY 8, 2024

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Invesco Real Estate to deliver 261-bed PBSA asset in Manchester

by Kali Persall

Invesco Real Estate, the $90 billion global real estate investment business of Invesco, is set to develop a 261-bed purpose-built student accommodation (PBSA) asset in Manchester, England, in partnership with PBSA developer Alumno Group.

The 50,000-square-foot property will consist of 207 cluster beds, of which 52 will be affordable, and 54 studios. The site is located less than a 10-minute walk from the center of the University of Manchester campus and a 15-minute walk to Manchester Metropolitan University.

Set to reach completion in the third quarter 2026, the project is targeting both an EPC A rating and BREEAM Excellent.

“The U.K.’s PBSA market continues to offer strong investment opportunities, particularly in critically underserved cities such as Manchester,” said Rob Johnston, managing director, head of investments, U.K & Nordics, at Invesco Real Estate. “We are delighted to have secured this well-located site and look forward to working with

Forgot your username or password?