Apeiron Capital has launched its student housing platform with the purchase of a 100-bed asset in Stratford, E15.
The principal investor and asset manager has purchased the accommodation for £10.4m at an initial yield of 8.5% as the first investment in its platform.
The platform seeks to exploit the growing student accommodation market and has a £300m initial target.
The Stratford site is between two main rail connections and let to Goldsmiths University for the next two years and managed by the Mansion Group.
Apeiron has a further £50m of student accommodation assets currently in the pipeline.
Vojkan Brankovic, managing partner at Apeiron Capital, said: “The student housing market has performed well in recent years and strategically located assets, particularly those with potential for renovation, continue to offer attractive returns for investors. The relatively opportunistic yield coupled with the potential for further rent maximisation and development will allow Apeiron Capital to employ its strong asset management expertise to drive returns on behalf of its investors.”
