Blacklight puts Limelight on the market for £61m
Blacklight Capital Partners is looking to sell its Limelight student scheme in Liverpool for offers over £61m. Savills has been appointed to sell the 535-bed PBSA with a net initial yield of 5.75%.
The asset spans 162,654 sq ft, across two blocks. It consists of 79% clusters and 21% studios. It has amenities such as a sky lounge with panoramic city views, cinema and karaoke rooms, a fully equipped gym, study zones, social lounges and private gated gardens.
The property continues to experience strong demand, with 99% occupancy since fully opening in September 2024. Pre-letting momentum also remains strong, with 61% of beds pre-let for the upcoming 2025/26 academic year.
Blacklight Capital Partners is looking to sell its Limelight student scheme in Liverpool for offers over £61m. Savills has been appointed to sell the 535-bed PBSA with a net initial yield of 5.75%.
The asset spans 162,654 sq ft, across two blocks. It consists of 79% clusters and 21% studios. It has amenities such as a sky lounge with panoramic city views, cinema and karaoke rooms, a fully equipped gym, study zones, social lounges and private gated gardens.
The property continues to experience strong demand, with 99% occupancy since fully opening in September 2024. Pre-letting momentum also remains strong, with 61% of beds pre-let for the upcoming 2025/26 academic year.
Limelight is the second PBSA scheme that Blacklight has developed in the city, with its first, the 999-bed Aura, being sold in 2022 to Tristan Capital Partners for £110m. A third scheme, also in the Knowledge Quarter, is currently being progressed by the company.
Jamie Radcliffe, associate director, Savills operational capital markets, said: “Liverpool continues to attract exceptional applicant demand, with rising domestic and international acceptances outpacing many other regional cities and cementing the city’s position as a leading UK higher education hub.
“Liverpool’s PBSA market presents a compelling investment opportunity, with demand consistently outpacing limited supply and exceptionally few viable schemes progressing through the development pipeline. The scheme offers strong defensive characteristics, with 71% of occupants being domestic students. Limelight Liverpool also benefits from a wide variety of room types and price entry points, supported by an extensive range of high-quality amenities designed to enhance the student living experience.”
Image © Savills
