Block Real Estate has advised on a rare Zone 2 London leased PBSA acquisition.

Block Real Estate has advised Spinnaker Estates on the acquisition of a rare Zone 2 London PBSA asset located next to UAL’s Camberwell campus for c.£19.5m. The 144 bed scheme is let to UAL for another 12 years with annual inflation linked reviews, offering students very affordable London accommodation.

This transaction showcases investor demand for well located PBSA schemes in London.