Recently announced acquisitions and developments of 2018

Arthur Online

By Arthur Online

16 January 2018

Arthur takes a look at recently announced acquisitions and developments within the student accommodation sector since the start of 2018 across the U.K!



LXi REIT Plc is acquiring a student accommodation scheme for £20.25 million.  This 413 bed consisting of cluster flats, one bedroom flats and studios. Simon Lee, partner of LXi REIT Advisors said: ”We are pleased to have acquired the Dundee student scheme, which further diversifies the Company’s sector exposure.  The acquisitions provides a long-term, index-linked income stream at an attractive net initial yield, underpinned by an excellent location in a leading university city and a strong underlying trading performance.”

Sheffield and Colchester

Future Generation has secured a £35 m development finance deal with Maslow Capital where they will provide student accommodation in Steel City – Sheffield and Hythe Mills – Colchester. Since Future Generation has been launched, they have a secured a supply pipeline of over 1,000 beds and a projected 10,000 beds to be delivered over the next 5 years.

Steel City has been granted planning permission for 346 beds and Hythe Mills consists of 223 beds.

Ed Fisher, managing director of Future Generation, said: ”Since launching earlier this year, we have hit the ground running and our in-house development team has sourced some great sites throughout the U.K.  We are fortunate to have secured a great partner in Maslow, who understands the fundamentals of the purpose built student accommodation market and will be enable us to deliver product quickly.”



There is a new 207 – bed development at the former Tyne Tees site on City Road, developed by Opto Living and Opto Property Group.  This new development is on the luxury side with features including a gym, cinema, games room and should be delivered at the end of 2019.

Jerald Solid, business development and acquisitions director at Experience Invest, said: ”There is a high demand for purpose-built student rooms n Newcastle, with 64.6% of students unable to access university or private sector student accommodation. This large undersupply of rooms led to an impressive 4% annual climb in student rents last year.”



Five student blocks, acquired by Legal & General for £76 m has recently been announced.  There are 517 bedrooms in total compromising of student rooms and ensuite cluster rooms.



RG Group is looking at developing a 22 storey block accommodation in Leeds consisting of 350 studio flats.  The build is predicted to start in time for the 2019/2020 academic year.

You can learn more about our student property management software here.

Keep an eye out for Arthur’s blogs for all  the latest property news!



Arthur Online

By Arthur Online

16 January 2018


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