Properties

Crosslane has established a proven track record for developing purpose-built student accommodation (PBSA) in the UK and has delivered 2,351 PBSA beds in the UK across 12 assets since 2008.

Developments are predominantly focussed on regional Russell Group university cities outside London, in city centre locations, near university campuses, are of a high specification and typically 130-450 beds in size to achieve operational efficiencies.

Crosslane identifies the most attractive PBSA site locations through thorough research & analysis to pinpoint optimum site selection, designs properties of a size that drive strong yields whilst meeting student needs, obtains planning permission, acquires land, negotiates development debt, through strong relationships with contractor partners develops assets, obtains investment debt & secures exits for completed assets.

Crosslane has developed 1,041 beds of new PBSA assets for the Victus European Student Accommodation Fund (VESAF) which became operational in 2014 and 2015 and has sold developments to major market players such as Unite and Knightsbridge (now 360) and has identified a further 1,143 beds in its UK development pipeline to be forward funded, with assets expected to become operational in 2017 to 2018.

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PBSA Properties in Development

 

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UK, Sheffield - Brass Founders

Summary

  • 437 beds
    • 293 cluster flat en-suite rooms
    • 144 self-contained en-suite studio apartments

Development

  • New build
  • Planning consent achieved by the Crosslane Group
  • Land currently owned by the Crosslane Group
  • Site acquired February 2016
  • Work onsite commenced February 2016
  • Expected to be operational September 2017
  • Once complete expected to be managed by Crosslane Lettings & Operational Management business: Prime Student Living

Location

  • Located within half a mile North of the city centre
  • Approximately 10 minutes walking distance North East of the University of Sheffield & approximately half a mile from the main Faculty of Engineering campus
  • 15 minutes walking distance from Sheffield Hallam University

Local Market

  • 50,150 full time students
  • 40,470 undergraduates
  • 9,680 postgraduates
  • 10,915 international students
  • 5,208 beds of university halls of residence
  • 14,975 beds of private PBSA
  • 41.3% of full-time students live in PBSA

 

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UK, Newcastle - Albert Place

Summary 

  • 133 ensuite clusters & 1 premium studio

Development

  • New build, high quality PBSA
  • Planning consent achieved by the Crosslane Group
  • Land/asset currently owned by the Crosslane Group
  • Site acquired April 2016
  • Work onsite commenced August 2016
  • Expected to be operational September 2017
  • Once complete expected to be managed by Crosslane Lettings & Operational Management business: Prime Student Living

Location

  • Located within half a mile east of the city centre
  • Site is 300 meters from the University of Northumbria City Campus East and 0.3 miles from the main University of Northumbria Campus

Local Market

  • 43,390 full-time students
  • 36,450 undergraduates
  • 6,940 postgraduates
  • 9,395 international students
  • 11,583 beds university halls of residence
  • 3,144 beds of existing private PBSA
  • 34.9% of students live in PBSA

 

 

Completed PBSA properties

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SJH-2

UK, Newcastle - St James House

Summary 

  • 147 beds
  • Premium self-contained, en-suite studio apartments

Development

  • Conversion of a 1980s red brick office to create new, high quality PBSA
  • Planning consent achieved by the Crosslane Group
  • Land/asset currently owned by the Crosslane Group
  • Site acquired December 2015
  • Work onsite commenced January 2016
  • Expected to be operational September 2016
  • Once complete expected to be managed by Crosslane Lettings & Operational Management business: Prime Student Living

Location

  • Located within half a mile north of the city centre
  • Site is 0.2 miles from Newcastle University, 0.6 miles from University of Northumbria and a few minutes’ walk from Newcastle University Business School

Local Market

  • 43,390 full-time students
  • 36,450 undergraduates
  • 6,940 postgraduates
  • 9,395 international students
  • 11,583 beds university halls of residence
  • 3,144 beds of existing private PBSA
  • 34.9% of full-time students live in PBSA

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SJP-1

SJP 5

 

UK, Newcastle – St James' Point (Phase II)

Summary

  • 203 beds
    • 161 cluster flat en-suite rooms
    • 42 self-contained en-suite studio apartments

Development

  • New build
  • Planning consent achieved by the Crosslane Group
  • Site acquired October 2013
  • Completed August 2015
  • Managed by Crosslane Lettings & Operational Management business: Prime Student Living since 2015

Location

  • Adjacent to St James Point, Phase I
  • Site is directly opposite Newcastle University Business School and half a mile from Newcastle University main campus
  • Located half a mile north of the city centre

Local Market

  • 43,390 full-time students
  • 36,450 undergraduates
  • 6,940 postgraduates
  • 9,395 international students
  • 11,583 beds university halls of residence
  • 3,144 beds of existing private PBSA
  • 34.9% of full-time students live in PBSA

 

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SLH - 3

UK, Bristol – St Lawrence House

Summary

  • 166 beds
  • 166 self-contained en-suite studio apartments
    • Conversion of a 11 storey office building to create new, high quality PBSA
    • Planning consent achieved by the Crosslane Group

Development

  • Site acquired 2014
  • Completed September 2015
  • Managed by Crosslane Lettings & Operational Management business: Prime Student Living since 2015

Location

  • Located 0.4 miles South East of the University of Bristol campus, less than a 10 minute walk away.
  • Situated in the city centre, with a number of pubs, bars and restaurants in the immediate vicinity.

Local Market

  • 40,670 full-time students
  • 34,755 undergraduates
  • 5,915 postgraduates
  • 7,605 international students
  • 7,481 beds university halls of residence
  • 6,566 beds of existing private PBSA
  • Only 35% of students live in PBSA/university Halls

 

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UK, Liverpool – Glassworks

Summary

  • 323 beds
    • 314 cluster flat en-suite rooms
    • 9 self-contained en-suite studio apartments

Development

  • New build
  • Planning consent achieved by the Crosslane Group
  • Site acquired 2014
  • Completed September 2015
  • Managed by Crosslane Lettings & Operational Management business: Prime Student Living since 2015

Location

  • Located directly opposite Liverpool John Moores University’s (JMU) Tithebarn library, only 0.3 miles from JMU’s main Byrom Street campus to the east
  • Liverpool Hope University & the Liverpool School of Performing Arts are just a short bus journey away
  • Situated 0.4 miles north of Liverpool’s vibrant city centre

Local Market

  • 46,150 full-time students
  • 40,590 undergraduates
  • 5,560 postgraduates
  • 8,630 international students
  • 5,864 beds university halls of residence
  • 14,795 beds of existing private PBSA
  • Only 48% of students live in PBSA/university Halls

 

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UK, Birmingham – Athena Studios

Summary

  • 259 beds
    • 259 self-contained en-suite studio apartments

Development

  • New build
  • Planning consent achieved by the Crosslane Group
  • Site acquired April 2014
  • Completed September 2015
  • Managed by Crosslane Lettings & Operational Management business: Prime Student Living since 2015

Location

  • Site is directly opposite Birmingham University Edgbaston campus and the brand new state of the art University sports centre
  • Located less than 5 minutes’ walk from the University Business School

Local Market

  • 61,005 full-time students
  • 50,620 undergraduates
  • 10,385 postgraduates
  • 12,725 international students
  • 8,973 beds of university halls
  • 9,814 beds of private PBSA
  • 18,787 (32%) of full-time students live in PBSA

 

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UK, Newcastle – St James’ Point Phase I

Summary

  • 216 beds
    • 216 self-contained en-suite studio apartments

Development

  • New build
  • Planning consent achieved by the Crosslane Group
  • Site acquired March 2013
  • Completed August 2014
  • Managed by Crosslane Lettings & Operational Management business: Prime Student Living since 2014

Location

  • Site is directly opposite Newcastle University Business School and half a mile from Newcastle University main campus
  • Located half a mile north of the city centre

Local Market

  • 43,390 full-time students
  • 36,450 undergraduates
  • 6,940 postgraduates
  • 9,395 international students
  • 11,583 beds university halls of residence
  • 3,144 beds of existing private PBSA
  • 34.9% of full-time students live in PBSA

 

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UK, Bristol – Harbour Court

Summary

  • 133 beds
    • 87 cluster flat en-suite rooms
    • 45 self-contained en-suite studio apartments
    • 1 one-bedroom flat

Development

  • New build
  • Planning consent achieved by the Crosslane Group
  • Site acquired 2013
  • Completed August 2014
  • Managed by Crosslane Lettings & Operational Management business: Prime Student Living since 2014

Location

  • Site is 0.5 miles south of the University of Bristol campus
  • Located 0.7 miles south west of Bristol City Centre

Local Market

  • 40,670 full-time students
  • 34,755 undergraduates
  • 5,915 postgraduates
  • 7,605 international students
  • 7,481 beds university halls of residence
  • 6,566 beds of existing private PBSA
  • Only 35% of students live in PBSA/university Halls

 

KC

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UK, Dundee – Keiller Court

Summary

  • 128 beds
    • 128 cluster flat rooms

Development

  • Conversion of a former warehouse building into new purpose-built student accommodation
  • Planning consent achieved by the Crosslane Group
  • Site acquired 2011
  • Completed 2012
  • Managed by Crosslane Lettings & Operational Management business: Prime Student Living since 2012

Location

  • Located less than 500m from the university of Dundee and Abertay university

Local Market

  • 14,125 full-time students
  • 12,290 undergraduates
  • 1,835 postgraduates
  • 2,485 international students
  • 2,515 beds university halls of residence
  • 1,166 beds of existing private PBSA
  • 25.8% of students live in PBSA/university Halls

 

SHT

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UK, Glasgow – Sauchiehall Street

Summary

  • 81 beds
    • 81 cluster flat rooms

Development

  • Site acquired 2012
  • Managed by Crosslane Lettings & Operational Management business: Prime Student Living since 2012

Location

  • Located within walking distance of Glasgow, Strathclyde and Caledonian Universities, with Glasgow School of Art just across the road

Local Market

  • 56,190 full-time students
  • 43,930 undergraduates
  • 12,260 postgraduates
  • 13,620 international students
  • 5,978 beds of university halls
  • 7,829 beds of private PBSA
  • 13,807 (25%) of full-time students live in PBSA

 

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UK, Edinburgh – Meadow Court

Summary

  • 148 beds
    • 148 cluster flat en-suite rooms

Development

  • Site acquired 2011
  • Managed by Crosslane Lettings & Operational Management business: Prime Student Living since 2011

Location

  • Located 5 minutes’ walk from the University of Edinburgh’s main Central Campus
  • Leased to Edinburgh University via a NOMs agreement

Local Market

  • 49,900 full-time students
  • 38,955 undergraduates
  • 10,945 postgraduates
  • 9,544 beds of university halls
  • 4,640 beds of private PBSA
  • 14,184 (29%) of full-time students live in PBSA

 

Lanc

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UK, Lancaster – Cable Street

Summary

  • 233 cluster flat rooms

Development

  • Site acquired 2011
  • Managed by Crosslane Lettings & Operational Management business: Prime Student Living since 2011

Location

  • Located in the city centre a short bus or bike ride to Lancaster University Campus
  • Lancaster University ranks in the top 20 universities in the UK

Local Market

  • 17,625 full time students
  • 14,545 undergraduates
  • 3,080 postgraduates
  • 4,470 international students
  • 6,584 beds of university halls
  • 524 beds of private PBSA
  • 7,108 ( 40 %) of full-time students live in PBSA

 

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OM - 2

UK, Dundee – Old Mill

Summary

  • 413 beds
    • 379   2, 3, 4, 5 & 6 cluster flats
    • 9       1 bed flats 
    • 25     studios

Development

  • Site acquired 2010
  • Managed by Crosslane Lettings & Operational Management business: Prime Student Living since 2010

Location

  • Located within a five minute walk from the university of Dundee and Abertay university

Local Market

  • 14,125 full-time students
  • 12,290 undergraduates
  • 1,835 postgraduates
  • 2,485 international students
  • 2,515 beds university halls of residence
  • 1,166 beds of existing private PBSA
  • 25.8% of students live in PBSA/university Halls

 

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UK, Manchester – Cambridge House

Summary 

  • 48 beds
    • 48 cluster flat en-suite rooms

Development

  • Site acquired 2008
  • Managed by Crosslane Lettings & Operational Management business: Prime Student Living since 2008

Location

  • Located directly opposite Manchester Metropolitan University and a few minutes’ walk from The University of Manchester and the heart of the city centre

Local Market

  • 63,555 full-time students
  • 52,305 undergraduates
  • 11,250 postgraduates
  • 14,830 international students
  • 8,648 beds of university halls
  • 13,640 beds of existing private PBSA
  • 22,288 (37 %) of full-time students live in PBSA