Moda bags backer for £1bn PBSA platform

Moda has secured Aermont Capital has its equity backer for a £1bn-plus purpose-built student accommodation platform. The developer launched a PBSA platform with the aim of delivering 10,000 student beds in five year in March 2023.  It has already secured sites for 4,000 beds in cities including Manchester, Cardiff, Glasgow, Birmingham, Leeds and Southampton. Moda’s PBSA developments will be a mix of cluster flats with shared kitchen space and private studios. The student platform will form part of Moda’s overall pipeline of 24,000 new homes across build-to-rent, single family rental and co-living divisions across the UK, worth a combined £6.8bn. Image © Moda