Mapletree Investments has purchased four purpose-built student accommodation (PBSA) assets in the United Kingdom for a total consideration exceeding £165 million (€192 million/$227 million).
The assets were purchased from Vita Group, which will be engaged as the operator for the four assets under the Vita Student brand.
Totaling 917 beds, the acquired portfolio comprises PBSA assets in Exeter, Bristol, Leeds and Nottingham and will complement Mapletree’s growing student housing footprint in the United Kingdom. They are strategically located within walking distance to Russell Group Universities as well as in close proximity to amenities such as town centers and train stations.
Chua Tiow Chye, Mapletree’s deputy group CEO, said, “This acquisition of four high-quality assets will enhance the scale and reach of our PBSA presence in the United Kingdom. This also underscores our commitment to grow the student accommodation sector as a stable and resilient ass
