Summary:
- Legal & General will forward fund McLaren’s £160 million, 737-bed PBSA development on Manchester’s Upper Brook Street, comprising two buildings of nine and 23 storeys, scheduled for completion by summer 2028 to serve the academic year start.
- The student accommodation forms part of the broader Upper Brook Street Masterplan, which also includes Kadans Science Partner’s adjacent 216,000 sq ft technical real estate project, supporting the area’s regeneration and economic growth through private investment.
- Legal & General’s involvement marks the first forward-funded asset in its expanding PBSA Student Living Platform, complementing its wider housing portfolio with over £5 billion invested across BTR, PBSA, affordable housing, and later living sectors.
Original article:
https://www.theconstructionindex.co.uk/news/view/funding-in-place-for-160m-manchester-pbsa-scheme
