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Curlew Capital sells student living portfolio at £80M below earlier asking price

Curlew Capital, a vehicle backed by CBRE Global Investment Partners, closed the sale of the Enigma student living portfolio at £520 million, £80 million lower than its original asking price, Property Week reported.

The company started out offering the 15-asset portfolio at £600 million in September 2017.

The assets contain a consented 245-bed site and a total of 5,407 beds spread across 12 U.K. cities, including London, Birmingham, Sheffield and Bath, according to the Feb. 2 report.

Savills marketed the portfolio for Curlew.

Additionally, the company has started picking up assets for another portfolio and also launched the new Curlew Student Trust 2 fund in January. The 25-year fund has been injected with 917 beds by way of two student accommodation schemes that will be completed in 2020, the report added.