Third PBSA Scheme in the Works for Harrison Street JV

Investment management firm Harrison Street is set to develop its third UK PBSA scheme in Nottingham in a joint venture with Torsion Developments.

The first acquisitions from the JV came in 2020, with sites in Lincoln and Birmingham.

The Lincoln scheme, named pine Mill, comprises 361 student beds, whilst the Curzon Circle scheme in Birmingham boasts 290 studio flats.

Located on Traffic Street, the Nottingham scheme will be within walking distance from the city centre.

The site, which already benefits from planning permission will contain 297 student beds in a mix of clusters and studios.

Harrison Street's European business Chief executive officer, Paul Bashir, commented: "We are excited to invest in a high-quality student housing project that will deliver much-needed accommodation to Nottingham's steadily growing student population.

"The development is well situated on Traffic Street and will address a significant demand for top-tier, purpose-built student housing with high-end amenities, driven by the impending influx of students to the University of Nottingham's refurbished city-centre campus.

"We are deeply familiar with the Nottingham market through our life sciences investments that serve both research universities. We look forward to expanding our partnership with Torsion to identify additional attractive opportunities in leading university cities that generate value for our investors and partners."