Yasuda Real Estate Invests in UK Student Housing Projects via Singapore Fund

Yasuda Real Estate announced in June 2025 that it has committed as a limited partner to a fund managed by Singapore-based Far East Orchard, marking its participation in purpose-built student accommodation (PBSA) developments in the UK. The first two projects will be located in Glasgow and Manchester, with a total of 512 beds planned across both sites.

The Glasgow development is situated on Osborne Street and will offer 273 beds, while the Manchester project on Plymouth Grove is set to deliver 239 beds. These projects aim to address the growing supply-demand imbalance in the UK student housing market. According to Savills, Glasgow’s current student-to-bed ratio stands at just 0.37, reflecting a significant undersupply. This shortfall is attributed to rising construction costs and prolonged permitting processes, which have slowed the pace of new development.

In March 2025, Yasuda Real Estate partnered with Sotetsu Urban Creates to establish a 50:50 joint venture in the UK. The JV made its first investment by acquiring a 20% stake in “21 Moorfields,” a station-front office building in London’s financial district, completed in 2023 with a gross floor area of approximately 15,971 tsubo (approx. 528,000 sq. ft.). This marked the company’s entry into the European market.

The latest PBSA initiative represents Yasuda’s second overseas investment in the UK and aligns with its broader strategy to diversify its portfolio by asset type and geography.

Key Facts

• Property Name: Osborne Street PBSA

  • Location: Osborne Street, Glasgow, UK

  • Total Beds: 273

  • Completion: Scheduled for 2027

• Property Name: Plymouth Grove PBSA

  • Location: Plymouth Grove, Manchester, UK

  • Total Beds: 239

  • Completion: Scheduled for 2028