Partners Group, acting on behalf of its clients, and Aboria Capital, the operational real estate–focused investment management business, have completed the acquisition of a five-asset, 1,570-bed purpose-built student accommodation (PBSA) portfolio from HSBC Asset Management for £165 million ($220 million).
The acquisition was made by a joint venture between Partners Group, the Downing family office, Aboria Capital, and a U.K. single family office. The transaction marks Aboria’s first acquisition since the platform was launched in partnership with the Downing family office. The Downing Group is one of the U.K.’s largest privately owned property businesses and an early pioneer in the PBSA sector.
The portfolio provides exposure to some of the U.K.’s most resilient and demand-driven student markets and is largely concentrated across Russell Group institutions. The portfolio is already 98.2 percent leased for the 2026–27 academic year, demonstrating strong deman
