Curlew Capital has closed a £60 million (€65 million/$77 million) forward funding agreement with CKC Properties for a 185-room purpose-built student accommodation (PBSA) development in Bermondsey, South East London. Planning for the student housing project, which is expected to complete for the start of the 2022/2023 academic year, was granted in March this year.
The site was purchased by Curlew Student Trust 2 (CST2), a fund managed by Curlew that is a programmatic joint venture with clients of CBRE Global Investment Partners (CBRE GIP). The scheme represents the first time Curlew has worked with CKC, an established PBSA developer with a pipeline of more than 750 beds across major university cities.
Located on Spa Road, overlooking Bermondsey Spa Gardens, the scheme will deliver 185 studio rooms across five floors, offering an array of amenity space including a study room, gym, cinema, roof lounge and additional social space. The development will be built to BREE
