Student Accommodation Research: Growth in PBSA Changing Market Fundamentals
8th Nov 2019
Student Roost has announced it will be managing up to four blocks of student accommodation in Belfast after a significant investment into the city.
By September two new sites will be opened on Great Patrick Street and at Swanston House on Wellington Place.
Combined, the blocks will be able to accommodation almost 800 students.
The company also confirmed it's purchased the historic John Bell House at College Square East and has further Belfast property in the pipeline.
Although the amount invested into sector remains undisclosed, Student Roost will become the largest operator of student accommodation in Belfast.
Commenting on the announcement, chief executive Tim Butler, said: "These fantastic new properties could only have come about with the support of Belfast City Council and the city's two universities."
"The issues were frequently complex, as they often are, but we never lost sight of our shared vision and ambition for the city."
"Yes, Belfast is a great, historic city, but it understands that its future is in being a modern place to work, invest and study."
"Modern purpose-built student accommodation (PBSA) is a big part of that picture. The two developments have created over 300 construction jobs and the properties will employ a further 20 permanent staff, meeting students' needs."
Student Roost is owned by the property fund Brookfield Real Estate Strategic Partners 2 and operates 44 properties in 18 UK cities.
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