Maslow was pleased to fund the purchase and development of this 198 unit student PBSA scheme in Edinburgh. Located opposite Meadowbank Stadium and in close proximity to the city centre, the scheme will be delivered by HG Construction Limited and managed by Homes for Student under the Prestige Student Living brand. Once complete, the building will be a contemporary state-of-the-art development comprising a mix of clusters and studios together with a community/office space, common areas, a laundry and cycle parking.
Despite the uncertainties surrounding Brexit, investor interest in UK PBSA remains strong. The sector is also best positioned to benefit from the on-going trade tensions between US and China as Chinese students look to study outside the US. Moreover, the outlook for UK PBSA is very encouraging and will be driven by positive fundamentals, supportive demographic trends, strong international demand and growing pressure on housing.
Commenting on the attractiveness of Edinburgh as a location for continued PBSA development, Maslow Capital Deal Originator, Sky Mapson said “From a development perspective, there is currently a structural undersupply of PBSA in Edinburgh, there is a limited pipeline and a large international student population relative to the UK average. The strength of the location is also underpinned by the high level of rental growth seen in PBSA rents over the past few years, making it an attractive location for further investment”.