Long Harbour will expand its living sector focus into PBSA through a joint venture with Rosethorn Capital Partners.
The strategy will be led by Rosethorn CEO Stephen Rigby, who brings more than ten years’ experience in PBSA. Stephen was a founder, and Chief Investment Officer at Student Roost which was acquired by GIC and Greystar in 2022 for £ 3.34 billion. The properties will be managed by Long Harbour’s residential management platform Way of Life, which will add PBSA to their specialist focus on BTR and SFH.
Long Harbour will target high-spec, accessible student accommodation with an initial focus across the UK’s major university hubs, where an undersupply of purpose-built student accommodation is most acute. The strategy aims to build a portfolio of up to 10,000 beds across leading UK university towns and cities over the next five to seven years. The strategy will target growth through a combination of standing stock and new developments.
Source: longharbor.co.uk on the 12th of December, 2023
https://www.longharbour.co.uk/media-news/news-archive/2023/12/long-harbour-to-launch-new-pbsa-joint-venture