Team Torsney has gained significant experience in recent years advising clients in relation to purpose-built student accommodation (PBSA), and it is easy to see why. This burgeoning sector has a number of attractions for investors.
Tenancy rates are high and cash flow is relatively secure, whether due to initial government funding or to the “bank of mum and dad” when students find themselves short and the rent is due. In times of recession, student accommodation is relatively cushioned. Furthermore, anglophone countries, such as the UK, Australia and Ireland, benefit from an education industry centred around the English language, which has enduring international appeal.