Apache Capital and Investra have completed on the £40m purchase of the Kingsgate House student accommodation in Kingston-upon-Thames.
The property, currently under development, will add a 210-bed premium student accommodation site and 4,835 sq ft of retail to the joint venture’s portfolio.
Apache aims to obtain detailed planning consent for the building during 2015, with completion expected during the 2017/18 academic year.
Apache now has a portfolio of thee student accommodation premises with 1,509 units, valued at approximately £203m.
