QIP and Soilbuild jointly invest in a platform for student housing in the UK

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Private equity firm Q Investment Partners (QIP) based in Singapore, as well as the company Q Investment Partners (QIP) and the integrated property firm Soilbuild have unveiled the creation of a GBP200 million ($328 million) platform for investors to invest in student housing that is purpose-built (PBSA) within the UK.

QIP as well as Soilbuild have invested in and underwritten the build-to core platform, which could be scaled up in size to GBP400 million. They are seeking to syndicate as much as 45% of their equity participation in the fund through strategically limited partners. The fund will be incubated by 2 PBSA opportunity for development within York and Newcastle which will comprise approximately 700 beds. Prestige Student Living will operate both of the assets.

“As combined real estate companies, QIP and Soilbuild share many of the same values. this alliance demonstrates QIP’s impressive experience and know-how in the international residential living industry,” says Peter Young QIP’s CEO and cofounder.

According to QIP this partnership is the latest development in QIP’s strategy of cooperating with strategic institutional partners to expand its specific Global Residential Living Platform across the UK, US and Japan.

Additionally, Lim Han Feng, director of Soilbuild The partnership will help Soilbuild continue its focus on designing purpose-built housing schemes in the business and residential space. “PBSA remains an asset class that is non-cyclical that shows its strength due to its strong fundamentals” Lim Han Feng says.