Moorfield launches student housing development in Birmingham

Moorfield Group, a boutique U.K. real estate private equity fund manager, has launched a student housing development in Birmingham, England, on behalf of its Moorfield Real Estate Fund IV.

Toybox, a forward-funded, 290-bed project, was developed by the Torsion Group, a privately owned independent development and construction company covering the student accommodation, residential care and housing sectors.

The development comprises 151 studio apartments and 139 en-suite cluster bedrooms spread throughout a 15-story building. The scheme also features an onsite gym and wellness studio, a private courtyard garden, and fiber optic wifi.

The property is 100 percent leased for the beginning of the 2019/2020 academic year.

“The letting success at the Toybox reinforces our belief that a British u