CVC DIF has made an strategic acquisition for its student accommodation platform, Ottoway Portfolio Holdings, of two purpose-built student accommodation assets from Mapletree Global Student Accommodation Private Trust.
These assets will be added to the existing Ottoway platform, a DIF Infrastructure VI investment, which already includes a portfolio of eight student accommodation assets in the United Kingdom.
The newly acquired assets are located in popular university cities with strong supply / demand imbalance and are 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 totals more than 5,000 beds. Both assets benefit from high occupancy rates.
