CLIENT LOGIN
article

Apache sell student asset for over £160m

Apache Capital Partners has exchanged contracts with a joint venture between Greystar Real Estate Partners LLC , a global leader in the investment, development and management of rental housing, a subsidiary of the Public Sector Pension Investment Board  and Allianz Real Estate to dispose of a large purpose-built student accommodation (PBSA) asset in London’s Shoreditch.
Paul Street was developed by Apache with JV Partner McLaren Property with the building being completed in August 2015. It has been 100% let in every year of operation.
The sale of Paul St. East, in the heart of London’s tech quarter and close to Amazon’s east London office, for in excess of £160m is one of the biggest single-lot transactions in the history of UK’s PBSA and sets a new pricing benchmark for the sector.
Apache Capital plans to reinvest funds from the deal into its own build-to-rent pipeline with Moda Living, one of the UK’s largest national multifamily pipelines with 6,500 apartments across nine cities.
other news articles
£125 million luxury retirement village in Clapham
Apache Capital & Audley Group will deliver a luxury retirement village on Nightingale Lane, overlooking Clapham Common, London with a gross development value of £125 million.
Read more
Apache bring New York style living to Liverpool waterfront
Apache Capital Partners, in a Joint Venture with Moda Living, have secured planning consent for £82 million Build to Rent residential waterfront tower in Liverpool
Read more
£215M deal for Fountainbridge build to rent village
Apache Capital & Moda Living agree £215M deal for Fountainbridge build to rent village in Edinburgh's city centre.
Read more