New Guernsey-Administered Property Fund Launched

By Editorial 15 January, 2014

Guernsey-based Legis Group announced that it has been appointed administrator of a newly launched vehicle for investing in student accommodation, a thriving new alternative property class.

Curlew Student Trust (CST) was launched on December 19, 2013 by Curlew Capital Limited and CBRE Global Multi Manager, and will invest in purpose-built student accommodation throughout the UK, focusing on the top 50/Russell Group universities with other investment opportunities where Curlew identifies strong sustainable returns.

The vehicle was established as a result of investment by UK and global clients of CBRE GMM alongside Curlew and key stakeholders and will target superior returns by forward-funding new developments in high demand student locations.

CBRE GMM has initially committed GBP40m (USD65.52m) to the venture.

CST will be managed by Curlew Capital, led by Paul Oliver, former joint CEO of Teesland plc., while operational and property management will be provided by Fresh Student Living. Legis Fund Services will act as administrator.

Legis Fund Services managing director, Patricia White, said that interest in property investment funds has seen a significant increase in the last year.

Tags: Investment | Real-estate Investment | Interest | Real-estate | Investment Funds | Guernsey | Expats |


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