Alumno secures investment for 2 Scottish PBSA schemes

The PBSA planned for St George’s Road, Glasgow [Images from Alumno] — The PBSA deliberate for St George’s Street, Glasgow [Images from Alumno]

Henderson Park, the global actual property funding supervisor, has agreed to ahead fund a 453-bed purpose-built scholar lodging (PBSA) portfolio from specialist PBSA developer, Alumno Staff.

The portfolio contains two construction initiatives with making plans consent: Jock’s Resort in Edinburgh; and St George’s Street in Glasgow.

Jock’s Resort is a 191-bed new-build within the Meadowbank suburb of Edinburgh. St George’s Street is a 262-bed construction within the Woodlands district of Glasgow.

Alumno stays accountable for the supply of each initiatives, with sensible finishing touch anticipated through September 2027.

Christophe Kuhbier, head of investments, Europe, at Henderson Park, mentioned: “Partnering with Alumno Staff, a extremely skilled developer with a confirmed observe document on this sector, offers us self belief within the supply of 2 high quality, market-leading belongings that can meet scholar expectancies.”