Lone Star Funds has announced that an affiliate of Lone Star Real Estate Fund VII has reached an agreement to purchase nine purpose-built student accommodation (PBSA) assets in the United Kingdom from affiliates of Unite Students, the United Kingdom’s largest owner, manager and developer of PBSA, for £212 million ($288 million), scheduled to close in August 2025.
The portfolio comprises 3,656 beds across nine high-quality PBSA assets in five well-located university markets: Aberdeen, Leicester, Leeds, Nottingham and Sheffield. The assets present an opportunity for value creation through targeted capital investment and operational enhancements.
“This transaction aligns with Lone Star’s global strategy of investing in resilient sectors of the housing market where we can leverage our expertise to unlock long-term value,” said Jérôme Foulon, global head of commercial real estate for Lone Star. “We continue to see attractive opportunities in the United Kingdom
