Approximately £750 million (€875 million/$944 million) worth of U.K. PBSA transactions completed in the first three months of this year, a significant uplift on the £148 million (€173 million/$186 million) of investment recorded a year ago, according to Knight Frank.
A total of 21 PBSA deals took place, but despite improvement in the sector, volumes were still down on first quarter 2021 and first quarter 2022.
Knight Frank’s assessment of future PBSA investment suggests London has the largest pipeline, with around 26,000 student beds either under construction or with planning granted.
Other major markets include Manchester (10,500), Bristol (8,700) and Nottingham (7,600).
"While total deal volumes are down compared to recent years' peaks, the sector's strong performance reflects investors' confidence in its long-term prospects,” said Merelina Sykes, joint head of student property at Knight Frank.
