CLS Holdings has appointed JLL to market its Spring Mews purpose-built student accommodation site in Vauxhall for sale, with offers invited above £100m.
The 393-bed property, at 10 Tinworth Street, SE11, is convenient for students studying at institutions including the London School of Economics, King’s College London and Imperial College London. It is equipped with amenities such as a study room, gym, swimming pool, cycle store and cinema room.
The site is managed by Watkin Jones’ operating platform, Fresh, and was recently refurbished to maximise the existing study spaces through the updating of soundproofing and lighting, as well as a revamp of an underutilised meeting room to create a cinema room and separate multi-function room with facilities that can be customised for uses such as yoga, dance, meetings and an art studio.
Spring Mews was flagged for sale in CLS Holdings’ 2023 annual results announcement, with the listed company stating that it is looking to sell six other properties with a book value of £172.7m.
CLS said it is planning to sell the assets to reduce its LTV, and that Spring Mews was valued at £97.3m.
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