New Property Fund To Be Administered In Guernsey

Guernsey-headquartered Legis Group has been appointed administrator of a newly launched vehicle for investing in student accommodation, a thriving new alternative property class.

Curlew Student Trust (CST) was launched on 19 December by Curlew Capital Limited and CBRE Global Multi Manager and will invest in purpose-built student accommodation throughout the UK, focusing on the top 50/Russell Group universities with other investment opportunities where Curlew identifies strong sustainable returns.

The vehicle was established as a result of investment by UK and global clients of CBRE GMM alongside Curlew and key stakeholders and will target superior returns by forward-funding new developments in high demand student locations. CBRE GMM has initially committed £40m to the venture.