123 York Street PBSA Belfast (NI)
Belfast is the capital of Northern Ireland and home to Game of Thornes and Titanic. It is also home to four higher education institutions with more than 38,000 students from all over the world. When the University of Ulster decided to relocate its main campus to the city center it also started a wave of urban regeneration plans.
Seeing the potential as well as the shortage of supply of Purpose-Built Student Accommodations (PBSA) within the vicinity of the new campus, Stellar Partners together with our partner decided to invest in one of the largest new PBSA development to capture the robust stream of cashflow offered by student accommodation investments. The construction of the PBSA began in December of 2017 and is now complete and the PBSA will officially open for business in September 2019 on time and one budget.
➢ Sector: PBSA, Real Estate Development
➢ Location: Belfast, Northern Ireland
➢ Our Role: Sole Investor and Partner
➢ Investment Quantum: 17M GBP
➢ Expected Return: 20-40%
➢ Project Website: https://www.123yorkstreet.com/