Israel's largest pension and provident fund, Menora Mivtachim, is expanding its partnership with global real estate firm Cain International by investing in Cain's UK PBSA platform.
Menora's commitment will inject fresh capital into Cain's PBSA strategy, accelerating the development of high-quality student housing projects in key university cities across the UK. The partnership has already delivered a portfolio valued at over £800 mln (€960 mln), including assets in major cities like Manchester, Leeds, York, Liverpool, and Nottingham. Recent acquisitions like St James House in Bristol demonstrate their ongoing commitment to expanding the platform.
This strategic alliance leverages Cain's expertise in real estate investment and development, and Menora's substantial financial resources and track record as a stable and responsible investor.
Sheery Kishon, head Real Estate Acquisitions at Menora Mivtachim, said: ‘As a strategic decision, we decided to enter into the PBSA market which has continuous growth in light of an imbalance between demand and supply. Adding another asset to the portfolio is an opportunity to strengthen our established partnership with Cain and expand our presence in a market where we see significant potential.’
Oliver Cummings, head of PBSA, Europe at Cain International commented: 'We are delighted to take another step in expanding our partnership with Menora, whose continued support will open up new opportunities as we build a platform of high-quality, amenity-rich PBSA developments that reinforce the UK’s status as a leading destination for global education.’