Barings and Rosethorn to acquire Spring Mews Student accommodation from CLS Holdings for £101.1m.

Barings, a global investment management firm, and Rosethorn, a specialist real estate investment manager, agreed to acquire Spring Mews Student accommodation, from CLS Holdings, a British commercial property investment business, for £101.1m. "Spring Mews Student has been a very successful development for CLS, and we are pleased that Rosethorn and Barings will become the owners as the scheme enters its next phase as an integral and continuous part of our Spring Mews estate in Vauxhall. The sale demonstrates CLS' ability to develop, operate and realise value through its structured, pro-active approach and, at the same time, deliver on several strategic priorities by addressing upcoming loan maturities and reducing LTV," Fredrik Widlund, CLS Holdings CEO.