Long Harbour, the specialist development and operational real estate firm, will expand its living sector focus into purpose-built student accommodation (PBSA) through a joint venture with Rosethorn Capital Partners.
The strategy will be led by Rosethorn CEO Stephen Rigby, who brings more than 10 years’ experience in PBSA. Rigby was a founder and chief investment officer at Student Roost, which was acquired by GIC and Greystar in 2022 for £3.34 billion (€3.88 billion/$4.18 billion). The properties will be managed by Long Harbour’s residential management platform, Way of Life, which will add PBSA to their specialist focus on BTR and SFH.
Long Harbour will target high-spec, accessible student accommodation with an initial focus across the United Kingdom’s major university hubs, where an undersupply of PBSA is most acute. The strategy aims to build a portfolio of up to 10,000 beds across leading U.K. university towns and cities over the next five to seven years.
