In addition, Elite UK REIT has signed a development management agreement with Mys, a Scotland-based development manager and PBSA operator, to manage the development of the proposed PBSA.
Elite UK REIT has received planning approval from local authorities to convert Lindsay House in Dundee, Scotland, into a 168-bed purpose-built student accommodation (PBSA) facility.
The REIT manager shared previously that Lindsay House was a prime candidate for the conversion and that it was in the pre-planning and approval stage last year.
