Curlew Capital has attracted a second equity investment from clients of CBRE Global Multi Manager and increased debt facilities for its UK student housing investment strategy.

Clients of CBRE GMM invested a further £41m (€50.4m) in Curlew Student Trust (CST), taking their total commitments to £82m. CST’s debt facility with RBS International has been extended to £51m.

Paul Oliver, chief executive of Curlew Capital said the second tranche of equity demonstrates ongoing demand from institutional investors for the sector.

CST is forward funding three student accommodation assets in Chester, York, and Glasgow, providing 877 new beds and due for delivery late next year.

CBRE GMM backed CST earlier this year. CST, Curlew’s first fund and set up in 2011, received an initial commitment of £40m (€48.3m) from the multi manager.

The fund used the capital to buy a £63m seed portfolio in Sheffield, Swansea and Birmingham. The initial £40m came from 10 investors with, as previously reported, potential to increase CST to £250m.

The multi-manager has been providing capital to smaller and specialist managers including strategies targeting mezzanine financing in Germany and Dublin offices.