Five PBSAs Select Novel Student for Management

Novel Student, the in-house PBSA management company belonging to CA Ventures, has been selected to manage five PBSA properties across the UK.

CA Ventures is a vertically integrated real estate investment management company, they launched Novel Students in 2021.

Leading investment management and development companies selected Novel Students to manage five properties located across UK, spanning student accommodation in Sheffield, Birmingham, Canterbury, Edinburgh, and Glasgow. The new assets include:

• Altura - Birmingham
• Riverside - Canterbury
• Silk Mill - Edinburgh
• Bridle Works - Glasgow
• Hillside House - Sheffield

The additional properties represent 1,823 beds, bringing Novel's portfolio to more than 2,800 beds across their nine European properties.

All of the properties managed by Novel Students boast communal spaces such as gyms, study rooms, terraces, and relaxation areas. They claim that all their developments are designed with a goal to "create communities of healthier, happier students".

Matt Walker, Executive Vice President of Operations, CA Ventures' European Division, said: "It has been incredibly rewarding to share in the success of Novel Student. In the 24 months since its launch, Novel has recorded significant accomplishments, having delivered its initial portfolio despite a global pandemic and volatile macroeconomic environment, and the subsequent lease-up and sale of each asset.

"Novel's rapid success indicates the value and demand behind the innovative, premium operating platform - both from a tenant perspective and an investment perspective. We look forward to the future success of Novel as we continue to expand its operations across Europe."

CA Ventures' European Division also have plans to deliver an additional 1,000 beds spread across Belfast, Edinburgh, and Leicester. They have said these will be operational during the 2022/23 academic year, and will be managed by Novel Students.

The company have also announced joint ventures that will allow them to expand their portfolio, and that of Novel Students, into Ireland, Spain, and Italy.