• 118 studio units (~33,500 sq ft)
• Target Gross Development Value (GDV): ~£31 million
• Equity raise: £2.7 million
• Target IRR: ~19%
• Minimum investment: £100,000

Demand is strongly supported by Cambridge’s substantial student population of approximately 25,000, with a significant proportion being postgraduates and international students drawn to the city’s world-renowned institutions. There is chronic undersupply of high-quality premium and postgraduate accommodation, with experienced operators consistently achieving 95–100% occupancy rates, even through periods of market volatility.The sector benefits from consistent inbound demand, limited new supply due to planning constraints, and resilient rental performance. Planning is progressing well, groundworks are complete, and the experienced delivery team is in active discussions with operators. We are targeting a clean development-to-sale exit.In the current environment, education-linked assets like this provide a level of stability and predictable income characteristics that many other real estate sectors find difficult to replicate.

• 130 MWp solar PV + up to 250 MWh battery energy storage system (BESS)
• Total project size: €100–120 million
• RTB price: €11.5 million
• Construction could commence as early as Q2 2026
• Grid connection secured and key permits in place for the PV component

Germany’s supportive policy framework for renewables, together with rising demand for flexible storage solutions, makes hybrid solar + BESS assets particularly attractive. The project offers flexibility in delivery structure — whether through turnkey development or power purchase agreements (PPAs) — providing multiple routes to value creation in a market where energy security and decarbonisation remain high priorities.

• Ready-to-build positioning with a clear de-risking and exit pathway
• Located in a market experiencing rising hyperscaler and AI-driven demand
• Focus on power-secured land and planning — the primary bottleneck for new data centre delivery across Europe
• Potential for long-term offtake agreements or pre-let structures
• Capital requirement: approximately €49 million (flexible, depending on structure and entry point)

Poland is emerging as an attractive alternative location for data centre capacity. With hyperscalers and AI infrastructure commitments accelerating, projects that secure power and planning early are well placed to capture significant upside as institutional capital enters the market. This opportunity allows investors to position ahead of the curve at the intersection of digital growth and energy infrastructure.Our Market Perspective: Less Noise, More EdgeAt Willow Rivers, we are deliberately concentrating on three interconnected themes:

• The convergence of energy and infrastructure — where power security is becoming the premium asset class
• Execution-led opportunities with credible paths to delivery and exit
• Selectivity over volume — prioritising situations where we and our partners have a genuine edge

In a market filled with noise and abundant capital, we believe disciplined focus on high-conviction, fundamentals-backed projects delivers the best risk-adjusted outcomes for our investors.Availability & Next StepsWe still have meaningful allocation available on the Cambridge PBSA development and are selectively engaging with qualified parties on both the German solar + BESS opportunity and the Polish data centre strategy.If any of these opportunities align with your investment goals, or if you are actively seeking exposure to student housing, renewables, digital infrastructure, or energy-enabled real assets, simply reply or reach out directly. We’ll be pleased to share detailed information or arrange a call to explore suitability.We’ll continue to surface thoughtful, high-quality opportunities that fit our selective approach.