Real estate investment manager Henderson Park has agreed to forward fund a 453-bed purpose-built student accommodation (PBSA) portfolio, split between Glasgow and Edinburgh, to be built by UK-based developer Alumno Group.
The portfolio comprises Jock’s Lodge in Edinburgh, a 191-bed asset located 1.9 miles from the University of Edinburgh in the city’s Meadowbank suburb.
![Henderson Park PBSA Edinburgh[100]](https://d15duu1h3gsd2d.cloudfront.net/Pictures/280xAny/6/8/9/1338689_hendersonparkpbsaedinburgh100_507986.jpg)
The second developent asset is St George’s Road in Glasgow, a 262-bed development located less than a mile from the University of Glasgow, in the city’s Woodlands district.
Practical completion for both developments is expected in time for the start of the 2027-28 academic year.
Targeting BREEAM Excellent and EPC A ratings, both projects have been designed to the highest sustainability standards and include on-site gyms, private study rooms, dining rooms, communal courtyards and rooftop terraces, alongside a mix of room types for different budgets.
Christophe Kuhbier, head of investments for Europe at Henderson Park, said: “This transaction represents a rare opportunity to secure two derisked PBSA assets in prime, undersupplied locations at the last stage of their development cycle and at an attractive all-in entry cost.
“With international students continuing to be drawn to the UK’s world-leading universities, combined with a growing domestic student-age population, we believe the structural supply-demand imbalance is set to intensify over the coming years.
“Partnering with Alumno Group, a highly experienced developer with a proven track record in this sector, gives us confidence in the delivery of two high-quality, market-leading assets that will meet student expectations.”
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