Leading global law firm Baker McKenzie has advised Mapletree Investments Pte Ltd (“Mapletree” or “the Group”) on its purchase of a portfolio of Purpose-Built Student Accommodation (“PBSA”) assets in the United Kingdom for a total consideration exceeding GBP165 million (~S$300 million). The assets were purchased from Vita Group, which will be engaged as the operator for the four assets under the Vita Student brand.
Totalling 917 beds, the acquired portfolio comprises PBSA assets in Exeter, Bristol, Leeds and Nottingham and will complement Mapletree’s 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.
London-based Baker McKenzie real estate partner, Stefanie Price commented, “We are delighted to have advised Mapletree in continuing to achieve their long-term strategic aims to invest in the student accommodation sector as a stable and resilient asset class. The deal represented a great example of our real estate investments offering, featuring collaboration between our sector experts in real estate, corporate and tax.”
The Baker McKenzie team was led by Stefanie Price in London and supported by real estate associates Jack Rubin, Amir Ali and Jo Shakespeare. Further support was provided by corporate partner James Burdett, associates Eric Lim and Luke Dovey. Tax advice was supplied by partner Matt Legg, senior tax advisor Rohit Karamchandani and senior associate Adam Peacock.
The deal was closed on 27th August
Totalling 917 beds, the acquired portfolio comprises PBSA assets in Exeter, Bristol, Leeds and Nottingham and will complement Mapletree’s 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.
London-based Baker McKenzie real estate partner, Stefanie Price commented, “We are delighted to have advised Mapletree in continuing to achieve their long-term strategic aims to invest in the student accommodation sector as a stable and resilient asset class. The deal represented a great example of our real estate investments offering, featuring collaboration between our sector experts in real estate, corporate and tax.”
The Baker McKenzie team was led by Stefanie Price in London and supported by real estate associates Jack Rubin, Amir Ali and Jo Shakespeare. Further support was provided by corporate partner James Burdett, associates Eric Lim and Luke Dovey. Tax advice was supplied by partner Matt Legg, senior tax advisor Rohit Karamchandani and senior associate Adam Peacock.
The deal was closed on 27th August
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