{"id":858,"date":"2021-08-30T05:28:00","date_gmt":"2021-08-30T05:28:00","guid":{"rendered":"urn:uuid:267cec0f-eb8b-4c4b-b707-0556028775df"},"modified":"2025-02-18T07:44:54","modified_gmt":"2025-02-18T07:44:54","slug":"mapletree-acquires-portfolio-of-four-student-housing-assets-in-uk-2","status":"publish","type":"newsroom","link":"https:\/\/www.mapletree.com.sg\/cn\/newsroom\/mapletree-acquires-portfolio-of-four-student-housing-assets-in-uk-2\/","title":{"rendered":"Mapletree Acquires Portfolio of Four Student Housing Assets in UK"},"content":{"rendered":"\n
\n

The acquisition brings Mapletree\u2019s overall student housing portfolio to more than 23,000 beds in the UK, US and Canada.<\/em><\/p>\n\n\n\n

SINGAPORE<\/strong> \u2013 Mapletree Investments Pte Ltd (\u201cMapletree\u201d or \u201cthe Group\u201d) is pleased to announce it has purchased four Purpose-Built Student Accommodation (\u201cPBSA\u201d) assets in the United Kingdom (\u201cUK\u201d) for a total consideration exceeding GBP165 million (~S$300 million)1<\/sup>.<\/p>\n\n\n\n

Totalling 917 beds, the acquired portfolio comprises PBSA assets in Exeter, Bristol, Leeds and Nottingham and will complement Mapletree\u2019s growing student housing footprint in the UK. They are strategically located within walking distance to Russell Group Universities as well as in close proximity to amenities such as town centres and train stations.  <\/p>\n\n\n\n

Said Mr Chua Tiow Chye, Mapletree\u2019s Deputy Group Chief Executive Officer: \u201cThis acquisition of four high-quality assets will enhance the scale and reach of our PBSA presence in the UK. This also underscores our commitment to grow the student accommodation sector as a stable and resilient asset class, with growth anchored by strong underlying and positive demographic and student enrolment trends. In the aftermath of challenges faced by the sector last year during the Covid-19 pandemic, the PBSA markets in the UK and the United States (\u201cUS\u201d) are experiencing robust recovery with schools re-opening for face-to-face lessons in the next academic year. The high vaccination rates and strong student enrolment figures in these two markets have also enabled strong pre-leasing rates of student beds for the next academic year to be achieved. Mapletree will continue to expand its global footprint in this asset class for its attractive long term growth prospects supported by strong fundamentals of domestic and international students\u2019 demand.\u201d<\/p>\n\n\n\n

The assets were purchased from Vita Group, which will be engaged as the operator for the four assets under the Vita Student brand.  <\/p>\n\n\n\n

Mr Mark Stott, Chief Executive Officer of Vita Group said: \u201cWe are excited to partner strategically with Mapletree, agreeing the sale of four assets. In securing this deal, it provides the business with the capital and the confidence to continue to develop the Vita Group platform to thrive, with an ever-increasing future pipeline of projects.\u201d  <\/p>\n\n\n\n

Including the latest acquisition, Mapletree\u2019s student accommodation portfolio comprises 55 assets with over 23,000 beds located across 37 cities in the UK, the US and Canada. The total assets under management amount to approximately S$4 billion. About 60% of these beds are held by Mapletree\u2019s private fund, Mapletree Global Student Accommodation Private Trust.<\/p>\n\n\n\n

City<\/strong><\/td>Property Name<\/strong><\/td>Beds<\/strong><\/td>Year Built<\/strong><\/td>Distance to Universities<\/strong><\/td><\/tr>
Exeter<\/td>Portland House<\/td>156<\/td>2014<\/td>University of Exeter: 1 km
Exeter College: 0.8 km<\/td><\/tr>
Bristol<\/td>Zed Alley<\/td>132<\/td>2014<\/td>University of Bristol: 0.3 km
City College of Bristol: 0.8 km<\/td><\/tr>
Leeds<\/td>Portland Crescent<\/td>308<\/td>2020<\/td>University of Leeds: 0.5 km
Leeds Beckett University: 0.1 km<\/td><\/tr>
Nottingham<\/td>Station Street<\/td>321<\/td>2020<\/td>University of Nottingham: 3 km
Nottingham Trent University: 1.2 km<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
\"\"<\/figure>\n\n\n\n

Portland Crescent is a brand new building located directly next to Leeds Beckett University\u2019s Business School and just a short walk from the University of Leeds.<\/em><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Newly opened in 2020, Station Street is equipped with amenities including a cinema room, coffee lounge and bike storage area.<\/em><\/p>\n\n\n\n

1<\/sup> Based on exchange rate GBP1:S$1.86 as at 30 August 2021<\/p>\n<\/div>\n","protected":false},"featured_media":16270,"template":"","meta":{"_acf_changed":false,"_trash_the_other_posts":false,"ep_exclude_from_search":false,"editor_notices":[]},"tags":[520,114],"newsroom-category":[112,1135],"csr-category":[],"class_list":["post-858","newsroom","type-newsroom","status-publish","has-post-thumbnail","hentry","tag-520","tag-news"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"\nMapletree Acquires Portfolio of Four Student Housing Assets in UK - MIPL Chinese<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mapletree-stag.altis.cloud\/cn\/newsroom\/mapletree-acquires-portfolio-of-four-student-housing-assets-in-uk-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mapletree Acquires Portfolio of Four Student Housing Assets in UK - MIPL Chinese\" \/>\n<meta property=\"og:description\" content=\"The acquisition brings Mapletree\u2019s overall student housing portfolio to more than 23,000 beds in the UK, US and Canada. 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