en.Wedoany.com Reported - UK-based MCR Property Group has expanded the asset scale of its Flow Student platform by acquiring a portfolio of student accommodation totaling 862 beds in Preston. The portfolio comprises Foundry Court (438 beds) and Trinity Student Village (424 beds), both located close to the University of Preston campus, the city center, transport hubs, and Preston Railway Station.

Foundry Court offers en-suite student rooms along with communal social and study spaces, while Trinity Student Village provides convenient accommodation near the campus and city center. This acquisition gives Flow Student an immediate scale advantage in Preston and represents another step forward for MCR Property Group in building a national student accommodation platform.

Nick Lake, Fund Director at MCR Property Group, said: "Preston is the logical next step for Flow Student. It is a well-established university city with strong underlying demand, excellent transport links, and a clear need for high-quality, convenient student accommodation. Foundry Court and Trinity Student Village give us immediate scale in a key university market in the North West. Both assets are mature, well-located, and offer clear scope for operational improvements, targeted investment, and long-term value creation."

As planned, MCR Property Group will implement targeted improvements to both properties, focusing on enhancing accommodation quality, communal areas, operational services, and the overall living experience. The assets will be integrated into Flow Student's hands-on operating model, combining local management with the group's resources in investment, asset management, and property expertise.

Nick Lake added: "This acquisition further demonstrates that we are executing our stated strategy: acquiring assets with strong underlying fundamentals, deploying capital wisely, and using active management to improve performance. Scale matters, but only when matched with discipline. We are not growing for growth's sake. We are building a platform with operational depth, clear performance standards, and a strong focus on the student experience. Based on our current acquisition pipeline, we believe Flow Student will achieve its target of 10,000 beds by 2026. Foundry Court and Trinity Student Village give us a significant presence in Preston and represent another important milestone in delivering that plan."

The addition of Foundry Court and Trinity Student Village strengthens MCR Property Group's confidence in the purpose-built student accommodation sector and puts Flow Student on track to reach a portfolio size of 10,000 beds by 2026. Another acquisition is expected to be completed shortly.

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