London
Trinity Portfolio
- Strategy
- Value-add
- Type
- Student accommodation
- Units
- 110 units
- Location
- UK
Opportunity
Two vacant freehold residential buildings in Farringdon, with scope to create a managed university accommodation portfolio.
Delivery
Refurbished the apartments, established operations and secured a long-term lease with a leading US university.
Outcome
Gross asset value increased by more than 28% following refurbishment and leasing. Refinanced in 2025.
Acquisition of two unbroken freehold residential buildings with full vacant possession in a prime position in Farringdon, Central London Zone 1. The properties are well located in a major tech and media cluster, 700 meters north of Farringdon station, providing excellent connectivity across London. The City Fringe submarket has seen consistently strong rental growth for modern offices.
The residential accommodation comprises self-contained private residential apartments with 110 beds, coupled with commercial/ancillary campus space.
Grace’s business plan comprises an extensive internal refurbishment of the apartments, setting up management operations and leasing all apartments to a prominent university to provide student accommodation.