European PBSA operator Nido is to partner with a joint jenture between Primus Property Group and H.I.G Realty Partners on the design and subsequent operation of two purpose-built student accommodation (PBSA) schemes at the heart of Leeds and Lancaster.
Scheduled to open in September 2025, the two PBSA schemes will deliver 790 student beds (388 in Lancaster and 402 Leeds) in the two university cities.
Darren Gardner, CEO at Nido, said: “The UK student accommodation market continues to be hugely undersupplied, with an acute lack of the type of professionally managed and wellbeing-oriented homes that residents demand. Our appointment to work on these two much needed schemes demonstrates H.I.G’s and Primus Property Group’s understanding of the importance of delivering a best in class and differentiated residential experience for students and a recognition of our expertise in helping them deliver it. As well as drawing on our own experience, we regularly survey our Nido residents across Europe to fully understand their needs in different markets, helping inform our approach to design, events and technological integration. We look forward to partnering with two such well respected businesses in HIG and Primus and to bringing these projects to fruition alongside them.”
Duncan Melville, Director at Primus Property Group, said: “Nido is an award-winning European PBSA operator who has raised the bar in student accommodation design, management and experience, and we’re excited to leverage their track record and brand on our assets in Leeds and Lancaster. Early engagement with Nido in the development of the schemes will help us in integrating technology and sustainable design in a way that delivers a positive impact for students who will be living in our buildings. We trust Nido to create fun, inclusive and wellbeing-oriented spaces and student communities which is a key part of our asset management plan.”
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