OTCPK:CTOUF - Post by User
Post by
dealmaker0on Mar 06, 2015 8:16am
439 Views
Post# 23496547
CPPIB buys 40 student residences in U.K for $2.1 billion as
CPPIB buys 40 student residences in U.K for $2.1 billion as Canada Pension Plan Investment Board has bought a portfolio of student accommodation in the U.K. for $2.1 billion.
The deal comprises 16,700 rooms in 40 residences under the Liberty Living brand in 17 of the nation’s largest university towns, CPPIB said in an e-mailed statement. The property was sold by the Brandeaux Student Accommodation Fund.
“This sector is an attractive one for CPPIB and we expect to see continued demand for well-located and well-managed student residences,” Andrea Orlandi, managing director and head of real estate investments Europe at CPPIB, said in the statement.