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Brunswick House

Cambridge

Carter Jonas were instructed by Cambridgeshire County Council (CCC) to acquire Brunswick House, a 251 bedroom purpose built student accommodation property in Cambridge.

The property was arranged over four floors and comprised a mixture of en-suite flats and self-contained studio flats.

After the initial party failed to perform the vendor approached CCC as we were able to perform quickly and efficiently to tight timescales, exchanging contracts within 2 weeks and completing 4 days later. Carter Jonas negotiated on CCC behalf to secure the freehold interest of the property, which had the benefit of occupational income, for £38 million reflecting a net initial yield at completion of 4.78%.

Tags:
  • Commercial
  • Student accommodation

Client

Cambridge County Council

Date

April 2024

How we can help

Student accommodation

William Rooke

Partner, Commercial

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