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UK: Student Castle has been appointed to manage a portfolio of 21 purpose-built student accommodation (PBSA) assets across the UK.
The portfolio was put up for sale by Mapletree in October 2024 with a guide price of £450 million. It remains unsold and will now be operated by the Singapore investor’s in-house management arm Student Castle. The properties were previously managed by Homes For Students.
The properties are:
Aberystwyth – Alexandra Hall
Birmingham – Canalside
Leicester – Ben Russell Court
Lincoln – Danesgate House
Liverpool – St Andrew’s Gardens and Windsor Court
London – Hawley Crescent, Janet Poole House, Landale House, Lightfoot Hall, Garrow House
Manchester – Daisybank Villas, Heald Court, Manchester Court, Manchester House, Oxney House and Gardens, Park View
Nottingham – Bowman House, Nottingham Square, The Glasshouse
Sheffield – Rockingham House
A Student Castle statement said: “We are delighted to announce a significant expansion of the Student Castle portfolio, marking another important step in our continued growth across the UK purpose-built student accommodation (PBSA) sector. This latest addition represents a meaningful increase in our operational footprint and reflects the trust placed in Student Castle by our partners. Our focus will be on ensuring a seamless handover for residents, universities, and stakeholders, while maintaining continuity of service and operational excellence from day one. We would like to thank our partners for their collaboration and confidence in Student Castle, and we look forward to welcoming new residents and staff into our growing community.”
The news comes shortly after Mapletree announced it is winding down its $1.3 billion (£1.02 billion) student accommodation fund after it fell well short of performance targets.
Highlights:
- Student Castle has been appointed to manage a portfolio of 21 purpose-built student accommodation (PBSA) assets across the UK
- The portfolio was put up for sale by Mapletree in October 2024 with a guide price of £450 million
- It will now be operated by the Singapore investor’s in-house management arm (Student Castle)
- The properties were previously managed by Homes For Students
