GIC in tie-up to acquire another UK student dorm for £227m

Singapore

GIC has snapped up another student accommodation in the UK - this time in a 50-50 joint venture with UK leading manager and developer of student accommodation Unite Students to acquire Aston Student Village (ASV) for £227 million (S$403 million).

This marks a string of student dorm purchases by GIC, which has dipped its toes into German student lodging in October through a partnership with GSA to invest in a portfolio of assets, and a major portfolio acquisition in September with GSA in the UK for £700 million.