Publications

Transactions - AUGUST 10, 2015

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

CPPIB buys U.K. student-housing properties

by Andrea Waitrovich

The Canada Pension Plan Investment Board, on behalf of its CPPIB Liberty Living, has acquired five student housing buildings in the United Kingdom for approximately £330 million ($515 million) from Student Castle.

The portfolio totals 2,153 beds in five major university cities. The buildings in Cardiff, London, Manchester and Newcastle — where Liberty Living already has a strong presence — complement the firm’s existing portfolio. The fifth building is in Bristol, where Liberty Living has not previously owned assets.

CPPIB acquired Liberty Living in March for $2.1 billion, marking its entry into the U.K. student housing sector. Liberty Living was one of the United Kingdom’s largest student housing providers with more than 40 high-quality properties in 17 of the largest university towns and cities across the United Kingdom.

The acquisition follows

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy