These assets are real, physical assets that support everyday life and economic activity, often underpinned by long-term demand and, in some cases, government support.
Unlike traditional economic infrastructure - such as energy or transport - social infrastructure is focussed on delivering social value alongside financial returns - improving access to services, supporting communities and contributing to broader societal needs such as health, wellbeing and education.
A purpose-built student accommodation asset in central Leeds was acquired in June 2023, benefiting from its proximity to the University of Leeds and strong underlying demand driven by the city’s large and growing student population. Following acquisition, a targeted refurbishment programme upgraded rooms and communal areas, enhancing the quality of the accommodation and strengthening its competitive position in the local market.
In summer 2024, upgrades were made to the building's façade and internal safety systems, ensuring full regulatory compliance and further de-risking the business. While the Leeds market experienced short-term pressure during the 2024/25 academic year due to increased supply, proactive leasing and marketing strategies helped drive a recovery in performance.