Curlew Capital embarks on 5,000-bed student housing drive
Alternative asset and fund management firm Curlew Capital has appointed a senior development manager to oversee a 5,000-bedroom student housing development programme.
The firm has hired Andrew Davis, formerly development director at Yelverton Properties, where he worked for 22 years.
In his previous role Davis delivered schemes totalling more than £100m, including the redevelopment of Exeter Football Club and Exeter Cricket Club into purpose-built student accommodation.
Alternative asset and fund management firm Curlew Capital has appointed a senior development manager to oversee a 5,000-bedroom student housing development programme.
The firm has hired Andrew Davis, formerly development director at Yelverton Properties, where he worked for 22 years.
In his previous role Davis delivered schemes totalling more than £100m, including the redevelopment of Exeter Football Club and Exeter Cricket Club into purpose-built student accommodation.
Curlew said he will play an integral role in overseeing its PBSA expansion. The firm, which plans to deliver around 5,000 rooms over the next three years, so far has £340m of schemes comprising 2,600 bedrooms under development.
The £340m development programme, which consists of eight schemes across cities including Brighton, Stratford E15 and Manchester, is being delivered on behalf of its second PBSA fund Curlew Student Trust 2.
It will extend the firm’s current footprint of some 3,500 rooms across 14 schemes, managed on behalf of funds backed by clients of CBRE Global Investment Partners.
Paul Oliver, chief executive of Curlew Capital, said: “Since Curlew’s inception in 2011, the UK PBSA market has matured into a major subsector of alternative real estate keenly sought after by investors across the globe.
“Even in its infancy during the global financial crisis the sector showed strong resilience, particularly in comparison to commercial sectors, and there are positive signs that this can be repeated despite the strong headwinds created by the Covid-19 pandemic.”
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