Curlew Capital acquires £60 million Bermondsey PBSA development
Curlew Capital (“Curlew”), announces that it has closed a c. £60 million forward funding agreement with CKC Properties (“CKC”), for a 185-room purpose-built student accommodation (“PBSA”) development in Bermondsey, South East London. Planning for the scheme, which is expected to complete for the start of the 2022/23 academic year, was granted in March this year.
Located on Spa Road, overlooking Bermondsey Spa Gardens, the scheme will deliver 185 studio rooms across five floors, offering an array of amenity space including a study room, gym, cinema, roof lounge and additional social space. The development will be built to BREEAM Excellent standard and will also offer landscaped outdoor space for its residents across two private gardens and a roof terrace overlooking the square.
Occupying a prime Zone 2 location, students will benefit from the building’s excellent transport connections to three top London universities, with Bermondsey tube station less than 500 metres away and London Bridge, London’s fourth busiest station, within a short walk.