Student accommodation is proving a draw for international investors, despite the uncertainty over future levels of EU students following the Brexit vote.
Singapore’s Mapletree Investments earlier this year paid £417m to acquire a portfolio of 25 student residences across the UK, one of the largest deals so far.
Data for the FT by Knight Frank put the value of the purpose-built student accommodation sector at £43bn. There are currently more than 525,000 bedrooms and planning consent has already been granted for nearly 90,000 more and is being sought for 44,000.