A string of purpose-built student accommodation (PBSA) operators have collapsed across the UK in the last few months. Student housing has become a small but high-profile part of UK insurers' and third-party asset managers' investment portfolios over the past several years – so what is the exposure, and what is the strategy for keeping investments viable and avoiding reputational risk?
These collapses have left students scrambling for housing in Dundee and Birmingham. Headlines around the issue have prompted renewed questions about who ultimately carries the financial risk in the sector and whether UK insurers, as major institutional property investors, have any meaningful exposure.
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