Infrastructure manager DIF Capital Partners is acquiring a portfolio of eight UK student accommodation assets for its global infrastructure fund.
The manager, investing on behalf of the DIF Infrastructure VI fund, has agreed to buy Ottoway Portfolio Holdings from a fund advised by Arlington Advisors and Campus Living Villages (CLV). Financial details were not disclosed.
The Ottoway Portfolio consists of over 4,500 rooms across London, Birmingham, Leeds, Manchester, Liverpool, Nottingham and Newport.
The portfolio benefits from existing institutional financing in the form of a long-dated listed bond, DIF said.
Gijs Voskuyl, partner and head of infrastructure at DIF, added: “This operational portfolio benefits from long-term relationships with universities in key UK cities and has demonstrated a strong historical track record.
“We recognise the important role that purpose-built student accommodation plays for both local and foreign students, thus we look forward to working alongside high-calibre educational institutions to provide accommodation for their students.”
Student accommodation operator CLV will continue operating the portfolio.
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