{"id":2162980,"date":"2026-11-05T09:18:30","date_gmt":"2026-11-05T09:18:30","guid":{"rendered":"https:\/\/www.thebusinessdesk.com\/yorkshire\/?p=2162980"},"modified":"2026-11-05T09:18:30","modified_gmt":"2026-11-05T09:18:30","slug":"purchase-adds-more-than-400-beds-to-student-accommodation-brands-portfolio","status":"publish","type":"post","link":"https:\/\/www.thebusinessdesk.com\/yorkshire\/news\/2162980-purchase-adds-more-than-400-beds-to-student-accommodation-brands-portfolio","title":{"rendered":"Purchase adds more than 400 beds to student accommodation brand&#8217;s portfolio"},"content":{"rendered":"<p>MCR Property Group has acquired Snow Island, a 427-bed purpose built student accommodation scheme opposite the University of Huddersfield.<\/p>\n<p>The deal, for an undisclosed sum, takes the group&#8217;s Flow Student brand beyond 9,000 beds nationally.<\/p>\n<p><span style=\"font-weight: 400\">The acquisition completed on 30 October 2026 and marks Flow Student\u2019s entry into Huddersfield. Snow Island is on King\u2019s Mill Lane, around a three minute walk from the University of Huddersfield\u2019s Queensgate campus. It<\/span><span style=\"font-weight: 400\">\u00a0comprises 89 cluster flats and 427 ensuite bedrooms.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">MCR acquired the property with vacant possession and will now complete a substantial refurbishment programme to bring all 427 beds back into use. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Communal areas and 207 bedrooms have already been refurbished, with investment continuing across the remaining accommodation ahead of completion targeted for February 2027.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The completed scheme will operate as a single Flow Student residence, combining refurbished accommodation, professional management and resident support.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Nick Lake, fund director at MCR Property Group, said: <\/span><span style=\"font-weight: 400\">\u201cSnow Island is exactly the kind of opportunity Flow Student was built for. <\/span><\/p>\n<p><span style=\"font-weight: 400\">&#8220;It gives us 427 beds on the university\u2019s doorstep, in a market where supply has reduced, with a clear opportunity to create value through investment and better operation.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cWe will complete the refurbishment properly and focus on the things students use every day. Flow Student is an affordable brand and we want to deliver a strong product at a sensible price.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cWe also want to build a close relationship with the University of Huddersfield and make Snow Island a positive part of the wider university community.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Dedicated student accommodation supply in Huddersfield has reduced in recent years. Storthes Hall Park, which previously accommodated around 1,300 students, has ceased operating as student accommodation, while Snow Island itself has also been closed. <\/span><\/p>\n<p><span style=\"font-weight: 400\">MCR\u2019s market review has identified more than 13,000 students in the town against approximately 4,000 private purpose built student accommodation (PBSA) beds. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Latest deal means the brand now has more than 9,000 student beds nationally<\/p>\n","protected":false},"author":238857,"featured_media":2162981,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"coauthors":[62387],"class_list":["post-2162980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property","tag-featured-story","tag-west-yorkshire"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - 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