Nabarro has advised South Street Asset Management about the establishment of an £89 million UK student accommodation fund. South Street Asset Management is one of the UK’s largest independent student housing providers with over £200m of assets under management. It has successfully secured the £89 million commitment from a major Kuwaiti pension fund for deployment in the UK student accommodation sector.

The UK student accommodation fund is targeting double digit returns and taps into growing demand from Middle Eastern investors for UK student accommodation.

The team at Nabarro was led by Investment Funds partner Andrew Wylie who was assisted by associate Samuel Whittaker, Tax partner Kirsten Prichard Jones and associate Linda Abad.

Commenting on the fund, partner Andrew Wylie said:

"We were thrilled to support South Street Asset Management in structuring this investment fund. They have successfully secured a significant commitment from one of the leading Middle Eastern investors reflecting investor confidence in South Street Asset Management as a leading operator in the student accommodation sector. The stability and performance of this market has established student accommodation as an asset class in its own right and our team has plenty of experience in advising about the sector.”