In lieu of a hotel, however, CDLHT plans to build another PBSA block — subject to planning consent — which could serve to complement the existing PBSA asset.
The manager of CDL Hospitality Trusts (SGX:J85
) (CDLHT) says plans to expand its existing 404-bed purpose-built student accommodation (PBSA) asset in Liverpool could take about three years, though discussions are still in the early stages.
The REIT’s maiden foray into student accommodation in December 2024 included a plot of vacant land adjacent to the Benson Yard PBSA it acquired. This plot, acquired for a purchase consideration of GBP1 ($1.68), has received planning consent for a 144-key hotel.
