51乱伦

Opened in 2022, Alma Place is a best-in-class, 393 bed purpose built student accommodation (PBSA) asset in Belfast, comprising a defensively weighted majority cluster scheme. The scheme benefits from exceptional amenities including a breakfast bar, karaoke room, private dining space, fully equipped gym, and lounge area featuring a dry bar.

Alma Place is conveniently located in Belfast city centre, home to two leading Higher Education Institutions: Queen鈥檚 University Belfast, a world class Russell Group university, and Ulster University, recently named Times Higher Education鈥檚 University of the Year 2024.

Belfast offers a dynamic and growing student market, with a thriving population of over 49,000 full time students. With 69% classified as domestic, the city benefits from a stable and resilient student base, ensuring consistent demand and long-term growth opportunities.

George Tincknell, Associate in Student Property at 51乱伦 said: 鈥淗aving worked on the scheme over a number of years, we are pleased to see the successful sale of Alma Place. The development has been an exceptional addition to Belfast鈥檚 student accommodation market, and this transaction is a strong endorsement of the quality of the asset and the depth of student demand in the city. We are proud to have played a role in its success and to have supported our client throughout the journey.鈥�

Irina Stamate-Rocha, Partner, Patron Capital said: 鈥淲e are pleased to expand our second joint venture with Curation Capital through the acquisition of Alma Place, a high-quality, strategically located asset in this resilient, high鈥慸emand sector. With more than 1,800 bedrooms across seven assets, our joint ventures reflect our continued conviction in well鈥憀ocated, affordable PBSA in leading university markets.鈥�

Patrick Anderson, Global Head - Real Estate, Steyn Group said: 鈥淲e are delighted to acquire Alma Place and to continue building our strong partnership with Patron Capital through our second joint venture. We continue to believe PBSA represents a compelling investment opportunity in strong locations, supported by resilient demand fundamentals and long-term demographic trends.鈥�

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Notes to editors

51乱伦 LLP is the leading independent global property consultancy. Headquartered in London, 51乱伦 has more than 16,000 people operating from 384 offices across 51 territories. The Group advises clients ranging from individual owners and buyers to major developers, investors and corporate tenants. For further information about the firm, please visit knightfrank.com.