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Here! Student Living Officially Launches

Posted by Richard Ward in

Image courtesy of Flickr, (View licence)

Here! Student Living has officially launched as a new provider of purpose-built student accommodation (PBSA).

Consisting of a joint venture between Ares Management Corporation and Generation Partners, the Here! brand is being rolled out across the JV's three existing sites in Cardiff, Exeter and Glasgow.

A new site in Leeds is expected to be completed ready in time for the 2023-24 academic year, taking the total number of beds to 2,150.

Commenting on the launch, Wilson Lamont, partner and co-head of European real estate equity at Ares Real Estate Group, said: "We are excited to be launching the Here! brand with Generation, building on the momentum gained from our UK PBSA portfolio expansion earlier this year."

"Here! underscores our commitment to providing high-quality student accommodation as we seek to execute our residential investment strategy in target markets throughout the UK."

Chief executive of Generation Partners, Alan Artus, added: "The team behind Here! has over 50 years of collective experience delivering a variety of student accommodation concepts and the student PBSA market is still very attractive."

"We believe we have created a very appealing brand and product with significant opportunity to build a 10,000 bed PBSA portfolio."

The Here! portfolio will offer bespoke amenities including social study areas, gyms, private dining spaces and fully equipped music rehearsal spaces.