Birketts has advised Northridge Capital Limited on the sale of Kingston Plaza, a purpose-built student accommodation scheme in Kingston-upon-Thames.
The 130-bed asset has been acquired by a company that operates the Axo Student Living brand and will be incorporated into Axo’s wider student accommodation portfolio.
Located adjacent to Kingston University, Kingston Plaza has recently undergone refurbishment and offers 130 ensuite bedrooms alongside a range of amenities including a 24-hour gym, cinema room, games area and landscaped garden.
Birketts acted as solicitors for the seller, with the transaction led by John England (commercial real estate), supported by Seamus Clifford (corporate), Andrew Ridout (commercial real estate), Anastasia Whitlock (corporate) and Harry Close (corporate), alongside a wider multi-disciplinary Birketts team.
Michael McCauley, Director of Northridge Capital Limited said: “Kingston Plaza is an excellent example of our strategy to invest in, refurbish and actively manage high-quality student accommodation in strong university locations. Reaching full occupancy following the refurbishment demonstrates the strength of the asset’s fundamentals, and we are pleased to see it transferred to an operator well positioned to take it forward as part of a wider portfolio.”
John England, Partner at Birketts, commented: “Having worked with Northridge Capital on the acquisition and development of this property, it has been great to see this asset mature into a fully let scheme that reflects the continued demand for quality student accommodation.”
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