Travers Smith LLP has advised Patron Capital, a pan-European real estate private equity specialist (Patron), on the acquisition of B16 Edgbaston, a purpose built student accommodation ("PBSA") scheme, through its joint venture with Curation Capital (Curation).
Patron and Curation, a London-based investment manager, have acquired a 136- bed PBSA scheme into an existing portfolio, with a view to continuing to expand the portfolio by the acquisition of further student accommodation assets over the next couple of years.
Real Estate Senior Counsel Gareth Wynne commented: "We are delighted to have advised long-standing client Patron on this strategic acquisition, and look forward to further supporting them and Curation in the growth of their PBSA portfolio."
The Travers Smith team was led by Head of Real Estate Emma Pereira and Senior Counsel Gareth Wynne, assisted by Associate Dan Forshaw and Trainee Gloria Cuccu, with planning advice provided by Head of Planning Jamie McKie and tax advice from Senior Counsel Kyle Rainsford.
