The fund currently manages a £150m portfolio that consists of approximately 1,000 student bedrooms in the UK across top-tier student cities
Peter Young, CEO & Co-founder QIP said: “QIP is pleased to be transacting in another PBSA development asset, further expanding our residential living platform in the UK. It is a particularly interesting time to be buying and finding value in the specialist UK residential housing sector.Singapore private equity firm swoops for major new student accommodation scheme in Leeds
"Without a doubt, the current macro market influences are presenting valued opportunities in PBSA, and we are thrilled to continue to work with one of the leading institutional investors* in transacting this opportunity through one of our funds.” Nick Gould from Urban Developments Ltd, said: “It’s a great site, located right between the city’s universities and key retail areas. Brewster Bye’s design meets all of the needs of modern students, and we are looking forward to delivering this much needed, purpose-built student scheme for QIP.”
Mark Henderson, from Brewster Bye Architects, said: “After designing this scheme and securing planning permission for it earlier this year, it’s fantastic to see work starting on site."For a global property fund to invest in the development, at this early stage, speaks volumes about the quality of the scheme and Leeds’s student market as a whole.
The scheme is located on the northern edge of Leeds city centre’s main shopping and leisure quarters. The Victoria Gate and Trinity shopping centres, as well as the city’s main university campuses and Leeds General Infirmary, are a 10-minute walk away.
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