Apache Capital Partners disposed of its prime 251-bed purpose-built student accommodation property Brunswick House, in Cambridge to Cambridge County Council for £38m in August 2018.
Brunswick House, which was completed in July 2012 and comprised 231 en-suite cluster flats and 20 self-contained studio flats, is situated less than a 10 minute walk to the Anglia Ruskin University Cambridge Campus and opposite Compass House, part of Anglia Ruskin University (Computer Sciences) lecture facility. The city centre is within a short walking distance and the revitalised Grafton Shopping Centre is almost opposite Brunswick House.
The direct let property, which was is 100% let for the 2017/18 academic year, has a large common room and laundry facility at ground floor level, as well as comprehensive bicycle storage at basement level and within the enclosed, landscaped courtyard.
This is Apache Capital’s third student accommodation scheme disposal for its Social Infrastructure platform, its second to have set a new market yield level in its respective class following Paris Gardens, Southwark in February 2015.