Mapletree acquires 31 U.K. assets with an operating platform for €1.2b

Mapletree Investments has announced the acquisition of 8,192 operational beds across 19 cities in the United Kingdom and Germany, as well as an operating platform from Cuscaden Peak Investments.

The £1 billion (€1.2 billion/$1.24 billion) acquisition brings the overall bed count within Mapletree’s U.K. portfolio to more than 17,000, solidifying Mapletree’s position as one of the largest owners of student housing assets in the United Kingdom.

The portfolio comprises a range of student accommodation properties that offer extensive amenities and convenient access to universities. These assets are located in key university cities in the United Kingdom, such as Bristol, Cambridge, Durham, Edinburgh, Oxford and York, as well as Bremen in Germany.

The newly acquired operating platform manages two brands, Student Castle and Capitol Students. It will provide Mapletree with direct operational control of the acquired portfolio, enhancing its operational capabilities