Insights > Deals
MCR extends Flow Student on UK market
22 September 2026 | Portfolio acquisition | UK | 800 beds | Operational
The transaction of Njoy Student Living takes Flow Student beyond 8,000 beds and adds operating scale in Manchester and Leeds.
Key details
Asset type | Operational |
Location | Manchester / Leeds, UK |
Capacity | 800 beds |
Target | Njoy Student Living |
Buyer | MCR Property Group |
Value | Undisclosed |
Source: Estates Gazette
MCR Property Group acquired the Njoy Student Living operating business and its underlying student accommodation assets across Manchester and Leeds.
The portfolio adds around 800 existing beds and apartments, including the 301‑bed Carr Mills in Leeds and six properties in Manchester. MCR previously owned several of the assets and has identified scope for further rooms, subject to planning and development approvals. It plans multi‑million‑pound refurbishment and capital expenditure programmes across Carr Mills and selected Manchester properties.
Strategic context
The acquisition extends Flow Student into two priority university markets and combines established local operations with MCR's national platform. The planned investment programme supports a value‑add strategy rather than simple bed aggregation, while moving Flow Student closer to its near‑term 10,000‑bed target and longer‑term 15,000‑bed objective.
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