Singapore PE Firm Investing in Central Leeds


Q Investment Partners purchased 88 studio apartments in central Leeds.

new red brick building in central leeds
by Richard Allan /  October 27, 2022

Q Investment Partners (QIP), a Singapore-based private equity firm has purchased a new student accommodation scheme on Merrion Street in central Leeds.

Inside the deal: Worth approximately £15 million. It will be operated by Homes for Students, a student accommodation operator with 40,000 PBSA beds nationwide. The 88 high-specification studio apartments will be ready for the 2024/25 academic year and include facilities such as:

  • Cinema room
  • Laundry
  • Staffed reception area
  • 23 cycle spaces
  • Lounge
  • Gym
  • Study rooms
  • Two larger premium studios

On the job: Brewster Bye Architects & Urban Developments (York) has been assigned to deliver the project.

The project is part of a larger student housing fund managed by QIP. The fund manages a £150 million portfolio that consists of 1,000 student bedrooms in the UK across top-tier student cities such as:

  • Edinburgh
  • Nottingham
  • Sheffield
  • Greater London.

Peter Young, CEO & Co-founder of QIP says “QIP is pleased to be transacting in another PBSA development asset, further expanding our residential living platform in the UK. It is a particularly interesting time to be buying and finding value in the specialist UK residential housing sector. Without a doubt, the current macro market influences are presenting valued opportunities in PBSA, and we are thrilled to continue to work with one of the leading institutional investors* in transacting this opportunity through one of our funds.”

Mark Henderson, of Brewster Bye Architects, believes the project shows the strength of the Leeds student accommodation market saying that “after designing this scheme and securing planning permission for it earlier this year, it’s fantastic to see work starting on site. For a global property fund to invest in the development, at this early stage, speaks volumes about the quality of the scheme and Leeds’s student market as a whole.

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