CA’s Novel Student Selected to Manage Five PBSA Communities Across the UK

CA Ventures (“CA”), the vertically integrated real estate investment management company, today announced its in-house purpose-built student accommodation (PBSA) management company, Novel Student (“Novel”), has been selected by leading investment management and development firms to manage five properties across Sheffield, Glasgow, Edinburgh, Canterbury and Birmingham. Together, the five premium PBSA communities account for 1,823 beds across the UK, expanding Novel’s operations to more than 2,800 beds across nine European properties. 

It has been incredibly rewarding to share in the success of Novel Student. In the 24 months since its launch, Novel has recorded significant accomplishments, having delivered its initial portfolio despite a global pandemic and volatile macroeconomic environment, and the subsequent lease-up and sale of each asset,” said Matt Walker, executive vice president of operations for CA’s European division. Novel’s rapid success indicates the value and demand behind the innovative, premium operating platform – both from a tenant perspective and an investment perspective. We look forward to the future success of Novel as we continue to expand its operations across Europe.” 

The Novel-managed assets include: 

Hillside House, Sheffield, England 

Bridle Works, Glasgow, Scotland 

Silk Mill, Edinburgh, Scotland 

Riverside, Canterbury, England 

Altura, Birmingham, England 

All Novel properties offer residents outstanding shared amenity spaces, ranging from gyms and study rooms to terraces and relaxation areas. A key focus is to ensure the properties are staffed with an on-site team to provide exceptional service to the residents. Each Novel community hosts regular social gatherings and other activities for the benefit of the students. 

CA’s European team plans to deliver 1,000 beds across Leicester, Edinburgh and Belfast to serve students during the 2022/2023 academic year, all of which will be managed by Novel. CA has also announced joint ventures to expand its PBSA portfolio and the Novel platform to Ireland, Spain and Italy. To contact our Novel team or book a tour of a property, visit the Novel website at