TRIBELL and STARS REI ANNOUNCE THE ACQUISTION OF 36 KIRBY ST, LONDON

TRIBELL and STARS REI ANNOUNCE THE ACQUISTION OF 36 KIRBY ST, LONDON

Tribell, a subsidiary of Trinova Real Estate have announced the acquisition of Kirby Street Residence, in London on behalf of STARS REI. The seller LUCKY DELTA is a Hong Kong based consortium. The acquisition continues Tribell’s strategic acquisition program for residential rental assets in the UK.

The Purpose Built Student Accommodation (PBSA) building is located at 36-43 Kirby St, and has excellent connections to public transport, 3 minutes walk to Farringdon Station (direct access to London Heathrow via the new Elizabeth line tube), 15 minutes walk to the London School of Economics (LSE), the University of the City of London and King’s College University.

Kirby St Residence comprises 128 larger than standard studio rooms, a common room, office, outdoor courtyards, bike storage and additional commercially leased space. The residence boasts stunning views of the Shard, St Pauls Cathedral and the City of London from the upper floors.

Adell Nair-Grepinet, Managing Director at Trinova commented “We are delighted to have closed this project with our partners at STARS REI during a challenging period for UK real estate. We look forward to enhancing the building, future proofing the environmental design and providing excellent accommodation and service which is in severe short supply for London’s students.”

Felipe Bertoni, SVP at STARS REI added “We are thrilled to expand our investment footprint in the London market marking our third investment in partnership with Trinova and Tribell, and our seventh acquisition in the UK. This strategic move propels us into the heart of a thriving global student community, attracting students with its world-class universities and vibrant cultural scene.”

CBRE acted on behalf of Lucky Delta.

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