Realstar buys Node’s Brixton Junction co-living scheme

Realstar has acquired Brixton Junction, SE24, an operational co-living asset by Node, for more than £20m, representing a yield of 4-5%. The premises have been acquired by the Canadian investor on behalf of a mandate it has with a University of Cambridge pension plan. Brixton Junction features 63 homes in a mix of studios and one- and two-bedroom apartments. Amenities include co-working and lounge facilities, and a private residents’ garden. It will continue to be operated by Node. The asset was marketed by Harris Associates. Realstar is also under offer to acquire two operational build-to-rent assets from LaSalle in Birmingham and Manchester, as revealed by EG earlier this week.  View market analytics for Brixton >> Image from Visual Square/Harris Associates