REAL ESTATE investments
At Patha Capital, we are currently looking to invest in PBSA and BTR in great locations all over the UK. Considering the change in market dynamics, we are also looking to acquire opportunistic single family homes in London and South East. Our goal is to provide fantastic homes to our customers.
Mr Patha setup AIG's residential equity investments platform in the UK and Ireland, and built AUM over £750 million including 5,000 student housing beds and 600 Built-to-Rent (multifamily) units, and delivered market leading returns to the Fund investors. Few of those investments are shown below:
Steelworks, Sheffield
691 student beds, 71 Build-to-Rent flats, 2000 sft of retail
Almost opposite University of Sheffield, a Russell Group University
Developer & Contractor : Watkin Jones Plc
Operator : Fresh Student Living
Advisors: Clifford Chance, KPMG, DLC Europe, RLB
Construction started in 2019; opening in 2021, completion in 2022
ONYX, Birmingham
1,026 student beds, 2000 sft of retail
Opposite Aston University, walking distance to BCU
Biggest forward funding project in the sector in the UK
Developer & Contractor : McAleer & Rushe
Construction Lender : HSBC
Operator : Fresh Student Living
Advisors: Clifford Chance, KPMG, DLC Europe, RLB
Construction started in 2018; opened in 2020
Broadside, Manchester
274 Build-to-Rent units, 3000 sft retail
Mix of one, two and three bedroom units, and ground floor retail
Walking distance to Northern Quarter
Developer & Contractor : Balfour Beatty Plc
Operator : Reside
Advisors: Clifford Chance, KPMG, DLC Europe, RLB
Construction started in 2018; opened in 2020
Eden Square, Coventry
344 student beds
Within walking distance of Coventry University
Refurbishment of an old hospital, and beautiful Grade II listed building
Developer : Kier Plc; Contractor : Clegg Construction
Advisors: Clifford Chance, KPMG, DLC Europe, RLB
Operator : Fresh Student Living
Construction started in 2018; opened in 2020
Skyline, Bournemouth
430 student beds
Within walking distance of Bournemouth University
Developer : Gilltown; Contractor : RG Group
Advisors: Clifford Chance, KPMG, DLC Europe, RLB, Montagu Evans
Operator : Fresh Student Living
Construction started in 2017; opened in 2019
Hampton Square, Southampton
526 student beds, 2,000 sqft of retail
Within walking distance of University of Southampton, a Russell Group university
Developer : Sladen / Peveril ; Contractor : Bowmer & Kirkland
Advisors: Clifford Chance, KPMG, DLC Europe, GVA, Church Lukas Architects, CBRE
Operator : Fresh Student Living
Construction started in 2015; opened in 2017
Sold to SPH in a portfolio deal of £135 million in 2019
Clarendon Quarter, Leeds
324 Built-to-Rent units and 80% DMR units for key workers.
Developer & Contractor : Watkin Jones Plc
Operator : Five Nine Living / Liv
Advisors: Clifford Chance, KPMG, DLC Europe, CBRE
Construction started in 2015; opened in 2017
Sold to Aberdeen Standard for £41 Million in Jul 2020
One of the first projects in the UK that has gone through the full cycle of design-build-stabilise-sell.
Bridgestreet Exchange, Cardiff
477 student beds
Within walking distance of Cardiff University, a Russell Group University
Tallest tower in Cardiff
Developer & Contractor : Watkin Jones Plc
Operator : Fresh Student Living
Advisors: Clifford Chance, KPMG, DLC Europe, RLB
Construction started in 2016; opened in 2018
Senior Debt provider : Wells Fargo
Briggs House, Leeds
320 student beds, 3000 sqft of retail
Within walking distance of University of Leeds, a Russell Group university
Developer & Contractor : Watkin Jones
Advisors: Clifford Chance, KPMG, DLC Europe, JLL
Operator : Fresh Student Living
Construction started in 2015; opened in 2016
Sold to Singapore Press Holdings in a portfolio deal of £135 million in 2019
Sharman Court, Sheffield
397 student beds, 10k sft of retail / office
Adjacent University of Sheffield, a Russell Group university
Developer & Contractor : Watkin Jones
Advisors: Clifford Chance, KPMG, DLC Europe, CBRE
Operator : Fresh Student Living
Construction started in 2014; opened in 2016
Sold to SPH in a portfolio deal of £135 million in 2019
Aspen, Dublin, Ireland
367 student beds, 5000 sft retail
Within walking distance of Dublin City University
Forward Commitment
Developer : Lidl; Contractor : Wates
Advisors : Clifford Chance / Matheson, KPMG, DLC Europe, CBRE
Operator : Homes for Students
Construction started in 2019; opened in 2020
and a few more....