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Harrison St., Crosslane JV on UK Student Housing

Harrison Street's joint ventures with Crosslane and Uliving occur at a time when university enrollment in the UK has reached an all-time high.

By Paul Bubny | Updated on January 30, 2018

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.”

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