KKR acquires UK PBSA portfolio for £230 million
KKR has acquired a UK PBSA portfolio from Curlew Student Trust II, funded by clients of CBRE Investment Management, for approximately £230 million.
The seven-property portfolio was developed by Curlew between 2020 and 2022 and spans seven UK cities.
The assets primarily feature en-suite units and a strong amenity provision. Approximately 80 per cent of units are let to undergraduates and more than 50 to domestic students.
Inhabeo, KKR Real Estate’s living sector platform in Europe, will act as the asset manager for the portfolio …