News
CPPIB Invests in UK Student Residences
August 21, 2015
Courtesy of CPPIB
U.K. student housing
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."
