Patron Capital has acquired Sheraton Park, a 418-bed PBSA scheme in Durham, England, on behalf of a new joint venture with Curation Capital, the London-based vertically integrated real estate investment manager that invests in and manages student accommodation, co-living, private residential and self-storage.
Located in the historic medieval city of Durham, Sheraton Park is an 135,280-square-foot Purpose Built Student Accommodation (PBSA) asset across two buildings that are within walking distance of Durham University. The joint venture plans to transform the building into a modern, energy-efficient accommodation for the next generation of students.
Sheraton Park is home to Ustinov College, Durham University’s only exclusively postgraduate college. Sheraton Park comprises two properties, Sheraton House, a 71,547-square-foot building constructed in 2017; and Neville House, a 63,733-square-foot property originally constructed in 1921 but converted and extended in 2017.
