Serviced student accommodation provider Study Inn Group has appointed JLL to conduct a strategic review of growth options for the company.
Study Inn is seeking to establish a footing as an institutional-grade investment player. JLL’s London-based EMEA equity advisory team will carry out the review.
Retiring founder and chairman Eddie Jefferson said: “After 17 years of successful development and operation in the UK PBSA sector, the business has matured and it’s the right time to be considering the available opportunities for implementing the company’s long-term strategy and maximising value.
“This natural transition from a family office investment to an institutional grade investment with capacity for rapid growth is a very exciting prospect and unique in the sector.”
Jefferson added: “We believe in the enduring fundamentals of the UK student housing market and have been strengthening our platform over recent years for the next phase of significant growth. We are incredibly well positioned to benefit from our in-place team, infrastructure, pipeline and the timing of this market opportunity.”
Dan Jones, senior director at JLL equity advisory, EMEA, said Study Inn’s model allowed it to “leverage and control all aspects of their premium offer”, which has been “well-received” by customers.
Jones added that €11.6bn was invested in the sector last year, up 45% on 2021.
He said: “[Study Inn’s] unique ability to undertake developments and conversions as well as acquire, improve and manage existing stock allows them to capture the full range of expansion options and grow rapidly to unlock significant economies of scale.”
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