CBRE Global Investment Partners’ (GIP) Programmatic Venture in the UK student accommodation sector, Curlew Student Trust (CST), has capped off another successful year with both the fund’s selected investment manager and specialist student operator winning their categories at Property Week’s inaugural Student Accommodation awards held in London on 7th December.
The Student Accommodation awards celebrate the achievements of all those involved within the market and recognise the very best in student home-away-from-home life experience and excellence in design, innovation and social spaces of exceptional student housing. The inaugural awards followed the 9th annual Student Accommodation conference organised by Property Week; the UK’s largest and longest running event in the Student Accommodation sector.
CST’s investment manager, Curlew Capital won the award for Investor of the Year, reflecting the quality and speed of the investments made on behalf of CBRE GIP’s Programmatic Venture. CST was launched in December 2013 and has acquired 24 assets since this date with a gross development value of in excess of £650m.
The operator of student accommodation assets play a vital role in the marketing, letting and management of student assets. CST’s operator, Fresh Student Living, won operator of the year for their outstanding service, sustainable growth and continuous investment in technology and innovation. In addition, CST’s primary developer, Watkin Jones, was also nominated for Developer of the Year.
The awards not only heard from universities, private developers, policy makers, independent experts, investors and key consultants but from the end customers – students themselves – whose voice is not often heard, but who will ultimately decide on how successful a scheme is.
Overall, these awards are a testament to the confidence CBRE GIP had investing in the dynamic purpose built student accommodation market in the UK through a Programmatic Venture set up with an investment manager and operator that are recognised by the industry as being best in class.
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About CBRE Global Investment Partners
CBRE Global Investment Partners is the division of CBRE Global Investors that delivers investment solutions customised for clients’ individual objectives by constructing portfolios using private funds, secondaries, co-investments and joint ventures, partnering with leading operators and fund managers for each strategy. Investments cover the risk spectrum from core to enhanced, can be global or regional in nature, and use a variety of investment vehicles based on clients’ preferences. GIP has $15.2 billion in assets under management* as of September 30, 2016. CBRE Global Investment Partners’ AUM includes investments in programs managed by the direct side of CBRE Global Investors. CBRE Global Investment Partners Limited is authorised and regulated in the United Kingdom by the Financial Conduct Authority (FCA).
About CBRE Global Investors
CBRE Global Investors is a global real estate investment management firm with $87.9 billion in assets under management* as of September 30, 2016. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.
CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBG). It harnesses the research, investment sourcing and other resources of the world’s premier, full-service commercial real estate services and investment company for the benefit of its investors. CBRE Group, Inc. has more than 70,000 employees in more than 400 offices (excluding affiliates) worldwide. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com
*Assets under management (AUM) refers to the fair market value of real estate-related assets with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice, and which generally consist of investments in real estate; equity in funds and joint ventures; securities portfolios; operating companies and real estate-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real estate market, and its calculation of AUM may differ from the calculations of other asset managers.