Singapore-based Q Investment Partners (QIP) has brought a new fund to market, consisting of a portfolio of purpose-built student accommodation (PBSA) assets in the United Kingdom.
The opportunistic fund is targeting £30 million ($38 million) in capital commitments. The firm said it has already attracted strong investor interest.
“The strong, long-term drivers of the U.K. PBSA are widely accepted and investor sentiment for the sector remains strong despite the COVID-19 pandemic, and will likely improve as U.K. universities commence operations for the September 2020 academic year,” said Peter Young, CEO at QIP. “Capitalizing on these opportunities will require nimble, ready capital — and we are confident in our ability to execute once the assets are ready to be transacted.”
The fund will be 80 percent allocated to QIP’s core business plan to buy, develop, operate, stabilize, and exit a portfolio of PBSA assets in top-tier student markets in the United
