Summary:
- Invesco Real Estate has launched a purpose-built student accommodation (PBSA) platform in Seoul, starting with five assets near Korea University that will provide over 400 beds across 80,000 square feet, targeting affordable housing for domestic students.
- The platform is operated by PCP Standard, Korea’s first PBSA specialist backed by Altos Ventures, aiming to build South Korea’s largest institutional-quality PBSA portfolio through a pipeline of development and acquisition opportunities.
- This initiative supports Invesco Real Estate’s broader Asia Pacific strategy to expand in the living sector, leveraging its regional expertise and $88.9 billion global real estate portfolio to address growing demand for affordable student housing.
Original article:
https://www.prc-magazine.com/invesco-real-estate-launches-student-accommodation-platform-in-korea/
