19 August 2019

Carey Olsen supports Apeiron on sale of prime London student housing accommodation

Carey Olsen's corporate team in Guernsey has advised European asset and investment management specialist Apeiron on the sale of Poland House in East London to a UK student housing development platform.

The site, which is located on Stratford High Street, was acquired by Apeiron in 2015 and incorporates a student housing site and an adjoining vacant property (part of the former Three Mills East Filling Station) suitable for redevelopment. The transaction is Apeiron's second in London in the last 12 months and follows the sale of the Queensway House office, also in Stratford, in the summer of 2018 which Carey Olsen also advised on.

Working alongside UK counsel Mishcon de Reya, the Carey Olsen team advising Apeiron on the sale of Poland House was led by partner David Crosland, assisted by senior associate Vicky La.

David said: "We are pleased to have acted for long-standing client Apeiron in the sale of Poland House and the adjoining land, a site that offers an exciting and extensive development opportunity in East London. The sale also underlines Carey Olsen's continued expertise in handling significant real estate transactions of this kind."

Besides Apeiron's activity in the UK, the company has been very active in Germany where Apeiron has transacted close to €900 million in value during the last 12 months.

Commenting on the sale of Poland House, Vojkan Brankovic, CEO and Founder of Apeiron, commented: "Whilst student housing in the UK continues to offer attractive returns for investors, we see particularly strong opportunities in UK and German logistics real estate. We feel that the time is right to focus our investments into these core areas in partnership with our investors."