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KKR to acquire purpose-built student accommodation assets in Denmark
Transactions - MAY 21, 2024

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KKR to acquire purpose-built student accommodation assets in Denmark

by Released

KKR has acquired high-quality, purpose-built student accommodation (PBSA) assets in Greater Copenhagen from TPG Angelo Gordon.

The PBSA assets, completed in three phases from 2020 to 2023, comprise 494 units. The PBSA assets are unique in their quality, modern and furnished characteristics, and differentiated amenities on-site. The assets are located in an established residential area in close proximity and with excellent transportation links to Copenhagen’s city center, providing easy access for students to all of Copenhagen’s major universities, including Copenhagen Business School, meeting demand for student accommodation in a market characterized by structural undersupply. All properties have EPC rating A and are in the process of being DGNB certified.

KKR is making the investment through its European Core+ Real Estate strategy, which focuses on thematic investments in high-quality, substantially stabilized assets with long-term growth potential. Keystone, the

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