QuadReal Property Group has acquired an eight-asset, 3,460 bed purpose-built student accommodation (PBSA) portfolio from Apollo-managed funds and entities.
The high-quality portfolio is comprised of assets located in key PBSA markets across the United Kingdom, including London, with 75 percent of the portfolio situated within proximity of prestigious Russell Group universities. All the buildings were developed within the last five to seven years to a high specification, and are well amenitized with gyms, co-working spaces, audio-visual rooms, common areas and event spaces.
Residential is an area of high conviction for QuadReal. PBSA specifically is a resilient and a counter-cyclical asset class that offers stable income, structural demand and long-term growth potential. With persistent undersupply in key university cities, growing international and domestic student populations, and a shift toward higher-quality, professionally managed accommodation, PBSA
