QIP and Solibuild Launched a £200m PBSA Partnership

A student housing platform that is worth £200 million, or $246 million in the United Kingdom, has been established by property group Soilbuild which has partnered with Q Investment Partners (QIP), a private equity real estate firm based in Singapore. 

The joint venture plans on increasing the value of the platform to £400 million. 

Q Investment Partners and Soilbuild are planning on sharing up to 45% of the ownership in addition to other investors. Not to mention, 50% of the assets are already seeded. 

The UK purpose-built student accommodation (PBSA) platform will have 650 new beds in the beginning across two places in York and Newcastle. All of these properties are managed by Prestige Student Living, which is the Homes for Students brand. 

Peter Young, the co-founder and CEO of Q Investment Partners (QIP), said, “This partnership demonstrates our continued commitment to the (PBSA) sector and will see QIP leverage our existing platform scale to address the growing demand for high-quality student accommodation in the UK”. 

The 2022/23 academic year witnessed over 11% of acceptances from outside of Europe, which emphasizes the strength of the UK PBSA sector in the current economic climate, according to the latest data published by UCAS. 

Q Investment Partners (QIP) has invested $1.2bn in developed markets up to this day. It focuses on global residential living, especially for international students, and has invested in PBSAs, multi-family and co-living rental buildings, BTR, and care homes. All of this has happened in countries like the United Kingdom, the United States, and Japan.