The Class of 2020 is proud to announce that Crosslane has joined our growing platform. With Crosslane we welcome a partner from the UK with a strong growth agenda for Continental Europe. To find out more about who Crosslane are, and what they have in store for the future, we spoke with Andrew Jamieson, Director of Acquisitions & Development – Continental Europe (pictured, left) and Tom Wilmot, Investment Analyst – Continental Europe (pictured, right):
Could you tell us a little bit more about who Crosslane are?
“Crosslane are a U.K investment and development company whospecialise in the student housing sector. We acquire, develop and fund manage student accommodation, while also operating student housing under our management and lettings business, Prime Student Living.”
“Our current portfolio comprises 1,500 bed spaces in the U.K and a further 500 bed spaces in Germany. We have a planned future development pipeline of over 1,500 bed spaces to be acquired and developed during the next 2 years.”
Why did you decide to become a partner of The Class of 2020?
“Joining the partnership will provide a fantastic opportunity to join a forum of investors, developers, operators, municipalities and universities with a common objective; to develop the provision of student housing across Europe. The Class provides a great platform for innovation and lateral thinking, and will help us to achieve our European business growth objectives.”
What are Crosslane’s expectations from their partnership with The Class of 2020?
“We expect this partnership to help us establish connections in the sector that will aid our business growth objectives. We also see this partnership as an opportunity to play a significant role in shaping the future of student housing across Europe.”
What are your European growth objectives?
“We plan to expand our existing portfolio to over 15,000 bed spaces in the next 5 years. This will be achieved through strategic partnership arrangements that have been formed over the last 18 months in a number of our target countries. Initially, this expansion plan will focus on the acquisition and development of student accommodation assets in strong locations within Germany, France, the U.K and the Netherlands.”
Where did you live while studying?
Tom Wilmot: “During my first year of study I lived in a purpose-built student accommodation block, which was managed by a housing association. It was very cheap but internally resembled a prison! During my second and third years I lived in a house share with friends. Again, it was very cheap but it had 60s décor and a banister made from metal garden rail!”
Andrew Jamieson: “I graduated in 1996 and during my four years of studying I lived in a number of pre-war terraced houses. I remember the choice was very limited, the standard poor, security non-existent and deciding who was going to put their name on the utility bill – tortuous!”