Rosethorn Capital and Barings completed the acquisition of PBSA Asset of CLS Holdings for £101.1m.

Rosethorn Capital, a specialist real estate investment manager, and Barings, an asset management firm, completed the acquisition of PBSA Asset of CLS Holdings, a sustainable office space company, for £101.1m. “One of the world’s best cities for students, London is nevertheless significantly undersupplied with quality accommodation, and with delivery falling, this shortfall is likely to deteriorate over time. Spring Mews is an institutional-grade, stabilised asset that benefits from an excellent location, and therefore proved to be a compelling acquisition opportunity as we seek to expand our exposure to the living sector – in London, the UK and across Europe – on behalf of our capital sources. We are excited to be working with sector specialist, Rosethorn Capital, as they launch their new business,” Ben Pile, Barings Head of European Residential Investment and Asset Management.