Summary:
- Harbert European Real Estate has acquired the recently completed Limelight PBSA asset in Liverpool from Blacklight Capital Partners, comprising 535 student beds with extensive amenities and managed by Homes for Students under its ‘Prestige’ brand.
- Blacklight developed Limelight after acquiring the site in 2022, delivering the project with RoundShield and achieving 99% stabilised occupancy since opening in 2024, demonstrating strong operational performance in a structurally undersupplied market.
- Harbert views the acquisition as a resilient, inflation-linked income opportunity aligned with its strategy to target high-quality assets in key markets, while Blacklight highlights the sale as a successful crystallisation of development value and affirms Liverpool’s ongoing appeal for PBSA investment.
Original article:
https://benews.co.uk/harbert-acquires-liverpool-pbsa-scheme/
