McLaren Property sells Cambridge student bed scheme
McLaren Property has sold a student accommodation scheme in Cambridge to Apache Capital, in a £26 million deal.
The Brunswick House Student Accommodation Scheme, comprising 251 student beds, opened last year. It’s now over 70% let for the 2014 academic year. John Gatley, managing director of McLaren, commented: ““This has been a very successful development for McLaren of a prime student residential scheme, and has further strengthened our relationship with Apache Capital.”
McLaren and Apache are joint venture partners on the £45 million Paris Gardens student accommodation development in London …