The strategy will see Zenzic invest in both existing stock as well as developing new stock.

The assets, which have a GDV worth over £147m, are part of a JV with Torsion Group.

The JV is targeting a £250m portfolio GDV across seven schemes and aims to deliver 1,566 by the end of the year, said Zenzic.

The first five schemes with Torsion, set in university locations, will deliver 817 beds, and include wellbeing spaces, study zones, among other areas.

Two of the schemes, located in Leeds and Nottingham, are newly built and ready to let, while the next three developments in Warwick, and again in Nottingham and Leeds, are under construction and are due to be delivered by Torsion by the start of the 2023/26 academic year.

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Nadine Buckland, CEO at Zenzic Capital (pictured above), commented: “We have already established a strong track record in the PBSA market, and this strategy enables us to increase our exposure to a sector that is one of our most compelling conviction calls.

“As part of this strategy, we look forward to building on our longstanding relationship with Torsion through this joint venture as we work together to deliver a best-in-class, sustainable product that meets the needs of modern students.”

Dan Spencer, CEO at Torsion Group, added: “Having worked with Nadine Buckland, CEO at Zenzic Capital for over eight years, I am excited to form a joint venture and partner with them in the delivery of this current pipeline.

“Our strong relationship with Zenzic made forming the joint venture seamless, and we look forward to doing many more deals together.”