Crosslane’s upcoming student housing property in Coventry is expected to deliver in time for the 2019/20 academic year.

LONDON—In its second UK student housing joint venture in as many weeks, Harrison Street Real Estate Capital said Tuesday it would partner with Crosslane Property Group UK Ltd. Initially, the Harrison Street/Crosslane JV will jointly develop a portfolio of four purpose-built student housing properties totaling 1,267 beds in the university cities of Leeds, Coventry, Portsmouth and Swansea. Gross development value for the four properties is £125 million, or approximately US$175 million.

“We continue to build momentum as the partner of choice for the leading developers and managers of student housing across Europe,” says Robert Mathias, senior managing director and head of international at Chicago-based Harrison Street. “Crosslane has an excellent track record, unique opportunity set and robust development pipeline in attractive university markets across Europe.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.