Lothbury Investment Management, on behalf of Lothbury Property Trust, has created a brand-new gym in the area formerly occupied by under-utilised car parking spaces in a ground floor level car park at their Powis Place student accommodation in Aberdeen.
Powis Place is Lothbury’s sleek, modern student accommodation building which features stylish and comfortable en-suite rooms and contemporary studios, all finished to a high standard and with all the features students need to work or unwind. The property features a spacious communal lounge, landscaped outdoor spaces, roof terrace and secure bike storage.
Perry Linch of Lothbury Investment Management, said: “This conversion has created an exemplary fitness facility adding 2,000 sq ft to the excellent facilities already provided at Powis Place for the benefit of the students. The student accommodation features 196 beds and the new gym been very well received since opening earlier this year.”
Lothbury holds a portfolio of high value, excellently located student accommodation, including a 166-bed facility in Peckham Road, Camberwell, south east London, the 100-bed Central Studios in Ealing, the 135-bed East Sands, St Andrews asset and the recently completed 418-bed Sheraton Park, Durham development, which, with Powis Place, values Lothbury’s total student property holding under management at over £120 million.
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Lothbury Investment Management Limited is the manager of the Lothbury Property Trust ("LPT") and the Lothbury Global Feeder LP ("LGF") (together, the “Funds”). LPT is a sub-fund of the Lothbury Global Institutional Funds, which is regulated by the Central Bank of Ireland. LGF was established as a limited partnership in Jersey under the Limited Partnerships (Jersey) Law 1994 through the filing of a declaration of limited partnership. The Funds are alternative investment funds (“AIFs”) for the purposes of the Alternative Investment Fund Managers Directive (2011/61/EU) (the “Directive”). LIM has been appointed and acts as alternative investment fund manager (“AIFM”) in respect of the AIFs. For these purposes, LIM is authorised and regulated in the United Kingdom by the Financial Conduct Authority for the purposes of managing unauthorised AIFs (and for various other activities). The Funds are also unregulated collective investment schemes for the purposes of the United Kingdom Financial Services and Markets Act 2000 (the “Act”).
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