Catella APAM takes on 500-bed student portfolio

Catella APAM has taken over the investment management of four student schemes of 491 beds for its European student housing fund. The assets are owned by the  €250m Catella European Student Housing Fund I and were previously managed by Blythswood Consulting and operated by Homes for Students. The portfolio comprises four sites including Gateway Apartments, a 170-bed scheme in Edinburgh; McDonald Road, a 135-bed property in Edinburgh, Claremont House, a 94-bed development in Glasgow and Charles Morton Court, a 92-bed scheme in London. Barry Hill, senior asset manager at APAM, said: “The quality of the assets is underpinned by their location in cities which are home to some of the strongest universities in the UK. “The resilience of the assets has been demonstrated through strong contracted occupancy figures for the current academic year following the disruption caused by the Covid-19 pandemic.” To send feedback, e-mail emma.rosser@eg.co.uk or tweet @EmmaARosser or @EGPropertyNews Photo: Catella APAM