Summary:
- London investors Patron Capital Advisers LLP and Curation Capital have acquired Alma Place, a 393-unit student accommodation scheme near Belfast city centre, following its receivership in late 2024.
- Alma Place, originally developed by Chicago-based CA Ventures and operated by Novel Student, includes amenities such as a breakfast bar, karaoke room, private dining space, gym, and lounge, enhancing its appeal to students.
- The sale follows CA Ventures’ closure of its Novel Student business after a failed transaction with Bahraini bank GFH, leading to the liquidation of its European assets and the appointment of receivers by Watling Real Estate.
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