CVC DIF has acquired two purpose-built student accommodation assets in the United Kingdom from Mapletree Global Student Accommodation Private Trust.
The assets will be added to the Ottoway Portfolio platform, CVC DIF’s student housing platform and an investment of DIF Infrastructure VI, which already includes a portfolio of eight student housing assets in the United Kingdom.
Ottoway is focused on delivering student-centric housing in thriving academic centers. The newly acquired assets are located in popular university cities with strong supply / demand imbalances, backed by nomination agreements with top universities. Beaverbank Place in Edinburgh and Firhill Court in Glasgow will add 750 beds to Ottoway’s portfolio, which now consists of more than 5,000 beds. Both assets benefit from high-occupancy rates.
“The acquisition of Beaverbank Place and Firhill Court is a significant step in our value-creation strategy for the Ottoway platform,” said Gijs Vosk
