MCR Property Group has announced the successful acquisition of a 1,013-bed portfolio of purpose-built student accommodation (PBSA), significantly expanding its national presence and further cementing its position as one of the UK’s most active investors in the student living sector.

The newly acquired portfolio includes five high-quality, city-centre assets: Corporation Village, Burges House, Pillar Box and Market Way in Coventry, alongside Clarendon Street in Nottingham. Each property is strategically located within walking distance of major universities and offers amenity-rich environments that meet the evolving expectations of today’s students. The assets operate under a direct-let model and boast strong historic occupancy levels.

This acquisition brings MCR’s total PBSA portfolio to over 2,700 beds nationwide, building on a track record of operational success across established schemes such as Haigh Court and Unity Square in Liverpool, Park Village in Sheffield, and Clanny House in Sunderland. All properties are managed by MCR’s in-house lettings and operations team, enabling a consistent and high-quality student experience.

As part of the integration strategy, MCR is retaining existing on-site teams at all newly acquired locations while investing in expanded support functions across marketing, asset management, and student services. A new, dedicated PBSA brand platform is currently in development and set to launch later this year, offering a unified identity and enhanced visibility for the growing portfolio.

With more than two decades of experience in delivering and managing residential and student housing in core UK cities, MCR continues to execute a targeted expansion strategy. The company confirmed that additional PBSA acquisitions are in advanced stages, with several transactions expected to complete in the coming weeks.

Nick Lake, Fund Director at MCR Property Group, commented: “We see a compelling opportunity in the PBSA market, driven by undersupply and strong rental performance in key university cities. Our history as a fast-moving, value-led investor gives us the confidence and capability to scale quickly and deliver impact.

This acquisition is a significant step in the expansion of our student living platform, and we look forward to continuing that momentum in the months ahead. We would like to thank the Collegiate team for their professionalism and collaboration throughout this process.”