Mapletree buys student housing assets for £417m
It acquires 25 buildings in 12 UK university cities including London and Edinburgh
Singapore
MAPLETREE Investments has jumped on the bandwagon to acquire student accommodation assets in the UK amid increased interest from companies and sovereign wealth funds to chase strong yields in student digs.
In its first foray into this asset class, the Temasek Holdings unit on March 7 scooped up a portfolio of 25 buildings with more than 5,500 beds in 12 core university cities including London, Edinburgh and Manchester for £417 million (S$819.2 million), trumping rival bidders from the US, Russia and the Middle East.
The portfolio was bought from Guernsey-based The International M…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
New US home sales jump to highest level since September
Hong Kong developer weighs stake sale in London office skyscraper project
How Hudson Yards went from ghost town to office success story
Private credit for real estate boosting green building premium
S$16.5 million deal at The Ritz-Carlton Residences tops Q1 gainers; seller reaps S$4.9 million profit
Forrest Li’s wife buys Gallop Road bungalow next to the one he has redeveloped