Preston Mommsen
Preston joined the Ryden Residential Investment and Development team in 2021, having previously worked within the ‘Alternative Living Team’ at Montagu Evans. His work at Ryden focuses primarily on the living sector with a recent emphasis on the sale and acquisition of student accommodation, where he has been involved in a wide range of transactions involving both operational assets and development sites with/without planning (including forward fundings and land acquisition/sale).
Recent and relevant PBSA transactions include:
- Former Tynecastle School, Edinburgh; Funding of 497 beds on behalf of S1 Developments
- 179 Canongate and East Newington Place, Edinburgh; Funding of 142 beds on behalf of S.Harrison
- Murieston Crescent, Edinburgh; Sale of an operational asset comprising 120 beds on behalf of Maven Capital; ongoing
- Dundee Terrace, Edinburgh; Sale of an unconsented site on a STP basis for PBSA; under offer