Student housing investment specialist Curlew Capital and its institutional partner, CBRE Global Investment Partners, have acquired a student accommodation asset in Stratford, East London, from European privately-held asset manager Apeiron Capital.
Financial details were not disclosed.
The 100-bed site, dubbed Poland House, was acquired by Apeiron in 2015. It also comprises an adjoining vacant property suitable for redevelopment, according to the vendor. It is located on Stratford High Street.
Paul Oliver, CEO and founder, Curlew Capital said: 'Curlew and it’s institutional partner CBRE GIP are delighted to have acquired this asset - adding a London development site to further enhance the development programme for the Curlew Student Trust 2 PBSA fund.'
This transaction is Apeiron’s second in London in the last twelve months and follows the sale of the Queensway House office, also in Stratford, in Summer 2018.
Apeiron said it had also been active in Germany, where it has transacted close to €900 mln of properties over the last year.
'Apeiron remains committed to its core markets in the UK and Germany where we continue to see excellent investment opportunities,' said Vojkan Brankovic, CEO and founder, Apeiron.
'Whilst student housing in the UK continues to offer attractive returns for investors, we see particularly strong opportunities in UK and German logistics real estate. We feel that the time is right to focus our investments into these core areas in partnership with our investors,' Brankovic concluded.
JLL acted for Apeiron on both transactions. Mishcon de Reya (UK legal), Carey Olsen (Guernsey legal) and BDO (tax) also advised the vendor.
