Crosslane Student Developments and Prime Student Living have been shortlisted in 2018 as Developer of the Year and Operator of the Year, respectively, at the Property Week Student Accommodation Awards – for the consecutive third year.
This is a significant achievement by both companies, as these awards only recognise businesses which demonstrate consistent efforts to go above the preconceptions of typical student accommodation and set the bar for students’ first experiences of living away from home.
It has been a busy year for Crosslane Student Developments, which, in January entered into a joint venture with Harrison Street Real Estate Capital LLC to develop four new PBSA developments in Leeds, Coventry, Portsmouth and Swansea with a combined 1,294 beds and a total gross development value of £125 million.
The current secured pipeline consists of a further 1,976 beds, with excellent progress being made on securing a further 7,000 beds across 25 development schemes. The aim is to complete 10,000 new beds by 2021 (in addition to those already delivered), making us one of the largest developers of PBSA assets in the sector, with the ambition to become the largest by annual beds delivered by 2022.
Prime Student Living has secured several award nominations and wins already this year and is also delivering on its growth ambitions to win new contracts to manage PBSA properties unconnected to the wider Crosslane Group. Through significant investment into the company on new systems, people and processes, we are looking to achieve a target of 5,000 beds under management by 2020.
Property Week’s Student Accommodation Awards 2018 are presented at the Property Week Student Accommodation Conference 2018, which is taking place at the O2’s InterContinental Hotel, London. It is the UK’s premier student housing event that brings together more than 700 university developers, operators, investors and agents.