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GIC and UK developer of student dorm acquire 3,067-bed student village for $403 mil

PC Lee Published on Fri, Feb 10, 2017 / 3:55 PM GMT+8

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(Feb 10): Unite Students, the UK manager and developer of student accommodation, and GIC, Singapore’s sovereign wealth fund, have acquired Aston Student Village for £227 million ($403 million) in a 50:50 joint venture.

Aston Student Village represents the first major on-campus acquisition of Unite and GIC’s London Student Accommodation Joint Venture (LSAV).

The village comprises 3,067 beds across five large, detached properties on Aston University’s campus in central Birmingham.

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