Tribell and STARS REI Expand UK Portfolio With Kirby St Residence

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Key Highlights:

1. Tribell and STARS REI have acquired the Kirby St Residence PBSA scheme in London.

2. The seller was LUCKY DELTA, a Hong Kong-based consortium, and CBRE acted on their behalf.

3. The PBSA has 128 large studio rooms and amenities like a common room, office space, courtyards, and bike storage.

4. It is just 3 minutes from Farringdon Station, providing excellent transport links.

5. This marks STARS REI’s third investment with Trinova and its seventh acquisition in the UK.

News in Detail:

Tribell, a branch of Trinova Real Estate, purchased the Kirby Street Residence. It’s a place specifically designed for students in London. They bought it for STARS REI. LUCKY DELTA, a group from Hong Kong, were the sellers. CBRE helped them make the sale.

The Kirby Street Residence PBSA has 128 roomy studios. It has a shared room, work area, open-air yards, bike storage, and extra commercial lease space. From its top floors, there’s a great view of famous places like the Shard, St Paul’s Cathedral, and the City of London.

Just a 3-minute walk from Farringdon Station, you’ll find a project at 36-43 Kirby Street. This station gives quick travel to London Heathrow through the new Elizabeth Line tube. Top-tier universities, including the London School of Economics (LSE), the University of the City of London, and King’s College, are only a doable 15-minute walk from the PBSA.

STARS REI ties up with Trinova and Tribell for the third time. It marks their seventh UK acquisition. Their goal? Upgrade the building! They want to offer top-notch accommodation and service to London students. Why? A shortage in the supply of student homes.

Adell Nair-Grepinet, Trinova’s Managing Director, announced: “The completion of this project with our STARS REI partners, amid UK real estate hardships, brings us joy. We aim to upgrade the property, affirm the eco-friendly blueprint, and furnish top-notch housing and service, a need London students truly have.”

News Summary:

Tribell and STARS REI have bought the Kirby Street Residence PBSA in London from LUCKY DELTA. It has 128 studios and is close to Farringdon Station and top universities. It is STARS REI’s third deal with Trinova and its seventh in the UK. They plan to boost facilities and offer top-notch student housing and services.