Harrison Street, in partnership with CA Ventures, announced the devlopment of a 548-bed purpose-built student accommodation (PBSA) asset in Leeds, UK, near the University of Leeds and Leeds Beckett University.
Upon completion, which is scheduled for the third quarter of 2024, the property will be managed by Novel Student, CA Venture’s in-house purpose-built student accommodation management company.
The asset will be a part of Leeds City Center’s redevelopment that includes a build-to-rent community, an office building and hotel.
This is the partnership’s sixth asset in the UK, which most recently announced a 393-bed ground up PBSA development in London. Together, they are expected to deliver 3,000 PBSA beds across the UK and Ireland.
”Leeds is home to one of the largest student populations in the United Kingdom with over 61,000 full time students, and a student population that has grown by 15 percent over the last three years,” said Paul Bashir, CEO of Harrison Street’s European business.
”Harrison Street is pleased to leverage our experience providing modern PBSA to bring high-quality student housing to Leeds, where less than 40 percent of the city’s students have access to existing student housing options,” he added.