Canada Pension Plan Investment Board has acquired five UK student residences from Student Castle for £330M. The deal, made via CPPIB Liberty Living (CPPIB acquired student housing provider Liberty Living in March) includes buildings in Cardiff, London, Manchester and Newcastle, markets where Liberty Living already has a presence; and Bristol, a key university city the company is targeting. Liberty Living CEO Charles Marshall said the transaction is an “excellent example of the marriage of CPPIB's long-term capital to the Liberty Living operating platform to acquire top-quality assets in the (student housing) sector."
CPPIB Invests in UK Student Residences
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Related Topics:
Canada Pension Plan Investment Board
, Cardiff
, Charles Marshall
, CPPIB Liberty Living
, Liberty Living
, London
, Manchester
, Newcastle
, Student Castle
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