Curlew Student Trust, a CBRE Global Investment Partners (CBRE GIP) venture operated by Curlew, has completed the acquisition of four new forward funding schemes in the UK, taking its total number of rooms at completion to in excess of 7,000 bed spaces and £650 mln (€720 mln) of value.
The latest schemes are Lime Street, Liverpool; Vincent’s Walk, Southampton; Potterrow, Edinburgh; and The Riverwalk, Durham.
Commenting on the latest four schemes, Alex Bignell, head of UK at CBRE Global Investment Partners, said the latest acquisitions are in prime locations within leading British university cities. 'We are confident that they will prove to be attractive investments for our clients and we are excited to see our UK student accommodation venture with Curlew continue to grow.'
Curlew began investing in the Purpose Built Student Accommodation (PBSA) sector on behalf of CBRE Global Investment Partners (CBRE GIP) in late 2013, making a long-term, strategic commitment to investing in brand new student accommodation in prime locations.
Curlew is a third-party investment manager of alternative assets. Its business streams include: Curlew Student Trust; Curlew Student Fund Netherlands; Curlew Opportunities; and Curlew Communities.
CBRE Global Investment Partners is the division of CBRE Global Investors that delivers investment solutions customised for clients’ individual objectives by constructing portfolios using private funds, secondaries, co-investments and joint ventures, partnering with leading operators and fund managers for each strategy. CBRE Global Investors is a global real estate investment management firm with $88.6 bn (€80.4 bn) in assets under management as of 30 June 2016.
