Barings has completed on its acquisition of a purpose-built student accommodation (PBSA) scheme in London for £101.1 million ($137.34 million) on behalf of a European value-added real estate strategy and in a joint venture with Rosethorn Capital.
Purchased from CLS Holdings, Spring Mews is a stabilized, 378-bed PBSA scheme in Vauxhall consisting of 306 clusters and 72 studios, with strong amenity provision such as co-working space, a gym, a pool, a cinema/game room and outdoor space exclusive to residents. The development benefits from a high-quality design and fit-out and features a BREEAM Very Good certification and an EPC A rating.
Spring Mews is in Vauxhall, an established PBSA micro-location and a five-minute walk from Vauxhall Station in the U.K. capital’s central Zone One, which offers easy connectivity within 25 minutes to world-class universities including King’s College London, the London School of Economics and Political Science, University College Lond
