Ares and Generation Partners Fund UK Student Housing Program | New
Funds managed by Ares Management and Generation Partners have invested in a development of student accommodation in the United Kingdom.
Residential and student real estate developer McLaren Property said its development of Leonardo and Thoresby buildings in Leeds has been funded by funds, which will also acquire the completed development.
details of the funds involved were not disclosed.
The 473-bed program, which includes the refurbished and listed buildings of the Civic Quarter in Leeds city center as well as a new building block, will be completed in 2023.
Wilson Lamont, Partner and Co-Head of European Real Estate Capital at Ares Real Estate Group, said: “Student housing is a key growth area for Ares. McLaren’s unique development is located in one of Britain’s leading regional cities with a thriving student population and fits well into our strategy.
Tom, Gilman, regional managing director of McLaren Property, said the development of the Leonardo and Thoresby buildings builds on McLaren Property’s commitment to Leeds, where he is also working with the city council on commercial and construction projects in rent in Wellington Street, also in the city. center.
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