PBSA PBSA News

Curlew Capital make senior hire to support delivery of PBSA

Curlew Capital has appointed a Senior Development Manager to support its delivery of purpose-built student accommodation (PBSA).

UK-based alternative real estate development, asset and fund manager – Curlew Capital – has appointed Andrew Davis as Senior Development Manager – to support the delivery of its purpose-built student accommodation (PBSA) development programme.

Andrew joins Curlew Capital after 22 years at Yelverton Properties, the UK focused commercial investment and development business, where most recently he was Development Director. Andrew was responsible for delivering schemes which total over £100m – and include the redevelopment of Exeter Cricket Club and Exeter Football Club into PBSA.

“Andrew’s experience delivering major development projects across a range of asset classes will be invaluable as we look to accelerate our development pipeline.”

Jim Sutherland, Managing Director, Curlew Opportunities

Andrew will be responsible for the delivery of Curlew Capital’s PBSA programme – which includes eight PBSA schemes totalling 2,600 student beds that are currently under development, as well as the target delivery of 5,000 beds over the next three years. The pipeline will increase Curlew Capital’s footprint – totalling 3,500 beds in university cities across 14 schemes.

“Curlew has built a reputation as a standout player in the student accommodation space and it’s hugely exciting to be joining the team to support its ambitious growth plans in what is a highly compelling asset class.” 

 Andrew Davis, Senior Development Manager, Curlew Capital

Curlew Capital has committed over £1bn into the PBSA sector since it launched its first fund – Curlew Student Trust – in 2014, and CST2 in 2018. They have 34 PBSA schemes totalling over 10,000 beds in 22 major university markets – which include refurbishments, forward funding and a mix of direct developments.

“Since Curlew’s inception in 2011, the UK PBSA market has matured into a major sub-sector of alternative real estate keenly sought after by investors across the globe. Even in its infancy during the Global Financial Crisis the sector showed strong resilience, particularly in comparison to commercial sectors, and there are positive signs that this can be repeated despite the strong headwinds created by the Covid-19 pandemic.
 
“Curlew remains active in selecting prime opportunities to grow the CST2 portfolio and Andrew’s arrival to join the Curlew Opportunities development team is most opportune.”

Paul Oliver, CEO of Curlew Capital

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