Future Generation

Future Generation sees 20% surge in PBSA bookings after lockdown roadmap announcement

Future Generation has reported that its pace of bookings for PBSA has trebled since Boris Johnson revealed his roadmap out of lockdown.

The student accommodation specialist has secured 20% more bookings than this time last year, which it attributes to the surge it witnessed in March.

It is on track to exceed last year’s performance, which saw occupancy levels reach more than 90% — despite the pandemic.

Andrew Southern, chairman at Future Generation (pictured above), said: “To now be 20% ahead of where we were last year is a fantastic reward for all the team’s hard work.” 

Future Generation is currently in the process of letting its portfolio of more than 2,000 student beds for the 2021/22 academic year.

The company’s managed portfolio currently includes five developments: Steel City in Sheffield, Hythe Mills in Colchester, Guilden Village in Guildford, Luxurio in Loughborough, and The Vantage in Nottingham.

“The pandemic hasn’t been easy, as we were still constructing three of these projects , but there are clear signs that the PBSA sector is seeing some green shoots,” Andrew added.

“This year, universities and students around the world had little clue what the future had in store, and it was the quietest we’ve ever seen it. 

“When the prime minister stood up in late February, he at least delivered some hope that life would return to some semblance of normality come September, and that’s now being reflected in the pace of bookings which trebled as soon as he had delivered his roadmap. 

“That’s something we’re very thankful for and we’re now extremely confident that our projects will be in fantastic shape with ample demand come the end of the summer.”

Leave a comment