LONDON | STRATFORD – Apeiron sells Stratford student accommodation site
Apeiron sells prime Stratford student housing asset with adjoining land offering extensive development opportunity
London, 19 August 2019 – Apeiron Capital Limited (“Apeiron”), the European asset and investment management specialist has today announced the sale of its student accommodation asset, Poland House, in Stratford to a programmatic venture managed by Curlew Capital that is exclusive to clients of CBRE Global Investment Partners (CBRE GIP). The sale price has not been disclosed.
The site, which was acquired by Apeiron in 2015, incorporates a 100-bed student housing asset and an adjoining vacant property (part of the former Three Mills East Filling Station) suitable for redevelopment. Demand for London student accommodation remains strong and the property has been let continuously at 100% year-on-year.
Located on Stratford High Street and close to both Stratford International and Stratford High Street stations, the asset has benefitted from both the strong transportation links and its proximity to local amenities at Westfield shopping centre as well as the significant regeneration and ongoing local investment following the London Olympics in 2012.
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. Besides Apeiron’s activity in the UK, the company has been very active in Germany where Apeiron has transacted close to EUR 900m in value during the last twelve months.
Vojkan Brankovic, CEO and Founder, Apeiron commented: “Apeiron remains committed to its core markets in the UK and Germany where we continue to see excellent investment opportunities. 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.”
Paul Oliver, CEO and Founder, Curlew Capital commented: “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”.
JLL acted for Apeiron on both transactions. Mishcon de Reya (UK legal), Carey Olsen (Guernsey legal) and BDO (tax) advised.
Notes to Editors:
Apeiron is an independent real estate investment and asset management firm dedicated to real estate opportunities in Europe with a particular focus on the UK and German real estate market, with of a particular focus on the UK and German real estate market, with offices in London, Munich and Luxembourg. Its property investments are owned together with capital partners, consisting primarily of leading pension funds, sovereign wealth funds, and financial institutions.
For further information about Apeiron please see our website: www.apeiron.com
Curlew is a privately owned, UK based, real estate business, focusing on the Development and Investment Management of Alternative Real Estate Assets & Funds. To date, it has raised and invested over £1bn through Indirect Funds and Direct Single Accounts across the UK and the Netherlands. The majority of this investment has been provided by CBRE GIP’s clients and in-house funds across the globe – investing in UK PBSA through the CST1 & 2 PBSA Funds.
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For further information, please contact:
PR for Apeiron:
+44 (0)20 3047 2527
+44 (0)20 3047 2534
PR for Curlew:
Head of Acquisitions
+44 (0)7900 884 247