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29 September 2025

M&G boosts student accommodation portfolio with 1,000 new beds in the UK and Portugal

2025

London, 29 September 2025 – M&G Real Estate today announces at the beginning of the new academic year that it has added more than 1,000 new beds to its student accommodation portfolio in three purpose-built stu-dent accommodation (PBSA) residences in Lisbon, Manchester and Nottingham.

These schemes add 1,072 student beds to M&G’s 9,000-bed portfolio which spans the UK, Europe and Asia, reinforcing the firm’s commitment to high-quality assets and addressing shortages in dynamic university cities through investments with strong fundamentals. The additions reflect M&G’s strategic agility to execute across a range of risk/return profiles, from core, long-term holdings to value-add opportunities, demonstrating the sector’s versatility.

In Lisbon, M&G has completed The Mile, a €35 million PBSA development acquired in 2023 on behalf of the M&G European Living Fund – a 333-bed residence in the Olaias district. With over 140,000 students enrolled in Lisbon’s universities and a shortfall of around 30,000 beds, The Mile helps to alleviate one of Europe’s most un-dersupplied PBSA markets. Designed to elevate student well-being, it offers premium private living spaces alongside a swimming pool, gym, study and media rooms, and a communal kitchen.

In Manchester, BauMont Real Estate Capital, the value-add manager backed by M&G Real Estate, has acquired Ropemaker Court for £42 million in partnership with Spinnaker Estates. The 416-bed asset will undergo a phased refurbishment to enhance its physical, operational, and energy performance. The investment was made through BauMont’s second value-add fund, which closed last year with over €450 million in capital commitments.

In Nottingham, M&G completed Fabric, a £48 million development with 323 beds which is now welcoming stu-dents for the 2025/26 academic year. Fabric includes en-suite cluster bedrooms, studio rooms and amenities including a gym, yoga studio, cinema room, reflecting evolving student expectations and M&G’s commitment to sustainability and design excellence.

Martin Towns, Global Head of M&G Real Estate, said: "The student accommodation sector is one of real estate’s most dynamic markets. With surging student populations that are increasingly mobile and a chronic un-dersupply of quality housing across major university cities, the sector offers unmatched potential for stable, long-term returns and portfolio diversification. Importantly, this is not a one-size fits all market. We see strong potential across a spectrum of investment strategies, from long-term core holdings to value-add opportunities, and our teams have consistently demonstrated the ability to execute across that range.

While demand remains robust, recent occupational challenges in the UK highlight the need for selectivity and strong focus on specific asset types, prime locations, and partnerships with leading universities to ensure long-term resilience and performance. This disciplined approach allows us to shape vibrant , sustainable urban com-munities, while maintaining high occupancy rates and resilient rental yields. As demand continues to outpace supply, the sector’s growth trajectory is set to accelerate, making now the optimal moment for investors to capitalise on one of real estate’s most dynamic markets.”

M&G Real Estate has €38 billion of asset under management and is part of M&G’s €90 billion private markets division. With a strategic presence across key European and Asian cities, M&G Real Estate leverages deep local insight and global scale to invest in sustainable, high-quality residential assets that deliver long-term value and resilient returns for investors.


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Notes to editors

1 As of 30 June 2025


M&G Investments is part of M&G plc, a savings and investment business which was formed in 2017 through the merger of Prudential plc’s UK and Europe savings and insurance operation and M&G, its wholly owned international investment manager. M&G plc listed as an independent company on the London Stock Exchange in October 2019 and has €414 billion of assets under management (as of 30 June 2025). M&G plc has over 5 million customers in the UK, Europe, the Americas and Asia, including individual savers and investors, life insurance policy holders and pension scheme members.

For nearly nine decades M&G Investments has been helping its customers to prosper by putting investments to work, which in turn creates jobs, homes and vital infrastructure in the real economy. Its investment solutions span equities, fixed income, multi asset, cash, private debt, infrastructure and real estate. M&G recognises the importance of responsible investing and is a signatory to the United Nations Principles for Responsible Investment (UNPRI) and is a member of the Climate Bonds Initiative Partners Programme.

M&G Investments is a signatory to the Net Zero Asset Manager's Initiative and has committed to work with clients to align investments with the goals of the Paris Agreement.

For more information, please visit: www.mandg.com


This press release is intended for journalists and media professionals only. It should not be relied on by private investors or advisers.

This press release reflects the authors’ present opinions reflecting current market conditions; are subject to change without notice; and involve a number of assumptions which may not prove valid. It has been written for informational purposes only and should not be considered as investment advice or as a recommendation of any particular security, strategy or investment product. Past performance is not a guide to future performance.

The services and products herein are available only to investment professionals and are not available to individual investors, who should not rely on this communication. Information given in this document has been obtained from, or based upon, sources believed by us to be reliable and accurate although M&G does not accept liability for the accuracy of the contents.

Distribution in the European Economic Area:

In relation to each member state of the EEA (each a “Relevant State”) under the Alternative Investment Fund Managers Directive (Directive (2011/61/EU)) (the “AIFMD”) forms part of local law of the Relevant State, this document may only be distributed and units/interests may only be offered or placed in a Relevant State to the extent that: (1) the Fund is permitted to be marketed to professional investors in the Relevant State in accordance with AIFMD (as implemented into the local law/regulation/as it forms part of local law of the Relevant State); or (2) this document may otherwise be lawfully distributed and the units/interests may otherwise be lawfully offered or placed in that Relevant State (including at the initiative of the investor)

This press release is issued by M&G Luxembourg S.A., registered office boulevard Royal, L-2449, Luxembourg. M&G Real Estate Limited is registered in England and Wales under number 3852763 and is not authorised or regulated by the Financial Conduct Authority. M&G Real Estate Limited forms part of the M&G Group of companies.

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M&G Investments

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M&G plc, incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.

M&G plc is a company incorporated and with its principal place of business in England, and its affiliated companies constitute a leading savings and investments business. M&G plc is the direct parent company of The Prudential Assurance Company Limited. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in England and Wales.

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M&G plcの直接子会社であるM&G Investments(M&Gインベストメント)のウェブサイトにアクセスするには、
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M&G plc, incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.

M&G plc is a company incorporated and with its principal place of business in England, and its affiliated companies constitute a leading savings and investments business. M&G plc is the direct parent company of The Prudential Assurance Company Limited. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in England and Wales.

M&G plc は、イングランド及びウェールズで設立・登録。本社登録地は10 Fenchurch Avenue, London EC3M 5AG。登録番号11444019。M&G plcは持ち株会社で、その子会社の一部はPRA(健全性監督機構)及びFCA(金融行為規制機構) に認可され、それらの規制対象となっています。

M&G plc は、イングランドを登録地、及び主たる事業領域とする会社で、その関連会社は有数の貯蓄・投資機関として基盤を確立しています。M&G plcは、Prudential Assurance Company Limited(プルデンシャル・アシュアランス・カンパニー・リミテッド)の直接親会社です。なお、Prudential Assurance Company Limitedは、アメリカ合衆国を主たる事業領域とするPrudential Financial, Inc.(プルデンシャル・ファイナンシャルInc.)またはイングランド及びウェールズで設立された国際グループ企業であるPrudential plc(プルデンシャル・ピーエルシー)とは一切関係がありません。

Prudential Portfolio Managers (South Africa) (Pty) Limited

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M&G plc, incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.

M&G plc is a company incorporated and with its principal place of business in England, and its affiliated companies constitute a leading savings and investments business. M&G plc is the direct parent company of The Prudential Assurance Company Limited. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in England and Wales.