High-quality PBSA scheme is currently being delivered by Gilltown and Winvic for academic year 2027/28
London, 16 May 2025 – KKR, a leading global investment firm, and Inhabeo, KKR Real Estate’s living sector platform in Europe, today announced an agreement to forward fund a purpose-built student accommodation (PBSA) asset near the University of Warwick. The scheme, under development by leading British PBSA specialist Gilltown and general contractor Winvic, is scheduled to complete in the summer of 2027, before the start of the academic year.
The new scheme will deliver accommodation for 544 students, including a mix of four-to-six bed cluster flats and studios, and aims to achieve top sustainability credentials. Located alongside other student accommodation in close proximity to the University of Warwick – a top 10 UK university, top 3 UK business school and member of the prestigious Russell Group – the scheme will help meet the growing demand for new private student accommodation in the area. The development features attractive indoor and outdoor common spaces, as well as commercial space in a convenient location for students and the local community.
Seb d’Avanzo, Managing Director and Head of Real Estate Acquisitions for KKR in Europe, said: “We’re pleased to grow our student housing portfolio with Inhabeo by investing in this strategically located development scheme which is transforming a vacant office space into a vibrant student community to address the University of Warwick’s need for more residential accommodation. This investment underscores the strength of our conviction in providing highquality living spaces in undersupplied markets that enjoy resilient demand from top universities.”
James Gillespie, Development Director at Gilltown, said: “Collaborating with KKR and Inhabeo on this latest exciting project is an important step for Gilltown and we’re very pleased to be working alongside Winvic Construction to deliver it.”
Ross Netherway, CEO of Inhabeo, added: “We’re delighted to add to our European living sector investments alongside KKR through this off-market transaction. Gilltown and Winvic have proven track records and we look forward to delivering this development with them.”
The development will add to KKR’s expanding portfolio of PBSA assets in the UK and follows the completion of an 819-bed PBSA scheme in Bristol last year. KKR and Inhabeo have also made investments in the broader UK residential market, most recently through the acquisition of The Slate Yard, a portfolio of three Build-to-Rent (BtR) multi-family buildings in Manchester. KKR’s residential footprint spans the UK, Continental Europe and the Nordics.
KKR is making the investment primarily through its value-add and opportunistic European real estate strategy. BCLP served as legal advisor to KKR and Inhabeo. Gunnercooke and Shoosmiths acted as legal advisors to Gilltown and Longstreet served as its funding advisor.
About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com. www.globalatlantic.com.
About Inhabeo
Inhabeo is a specialist living sector platform founded in 2023. Inhabeo works in partnership with KKR across Europe with a focus on Build-to-Rent and Purpose-Built Student Accommodation for both core-plus and value-add strategies. For additional information about Inhabeo, please visit www.inhabeo.com.
Media Contacts
KKR Alastair Elwen / Oli Sherwood
FGS Global
+44 20 7251 3801
KKR-LON@fgsglobal.com
