Description

JLL is pleased to present Project Hive Manchester, a portfolio of five purpose-built student accommodation (PBSA) assets totalling 354 beds, offering compelling asset management and value-add potential within prime city centre micro locations

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Attributes

Beds

354

Project Hive Manchester (5 Properties)

Media

Investment Highlights

A rare opportunity to acquire a scaled Manchester PBSA portfolio: Five first-generation Purpose Built Student Accommodation assets totalling 354 beds, positioned within walking distance of two major universities. Offered with clear scope for asset management-led value creation

Prime City Centre locations strategically situated an average of just 0.6 miles from the nearest university campuses, in the heart of the UK's second largest student market

Dual-University presence: All assets sit within walking distance from both The University of Manchester, a prestigious Russell Group institution, and Manchester Metropolitan University. Together they have over 75,000 FT students

Highly attractive and affordable rental positioning: Average weighted rents at just £196 pw, ~25% below the Manchester average, promoting a diverse, resilient and strong yielding income profile

Acute supply and demand imbalance: 64% of full-time students are unable to access PBSA, whilst full-time student numbers have grown 19% from AY2019/20 to AY2024/25, pointing to sustained demand for well-located, affordable accommodation

Clear value-add and reversionary potential: Highly reversionary assets with scope for immediate asset improvements to enhance revenue and rental growth, providing a defined route to capture reversion

Operational efficiencies: Potential for shared management and staff across the portfolio deliver cost efficiencies and a ready-made platform within the growing Manchester market