SINGAPORE (March 21): Mapletree Investments announced Tuesday that it has successfully closed the Mapletree Global Student Accommodation Private Trust (MGSA P-Trust).

About 195 million pounds ($338 million) of equity was raised for its 5,910-bed UK portfolio while US$291 million ($407 million) was raised for its 8,363-bed US portfolio.

MGSA P-Trust holds about US$1.3 billion in in student accommodation assets located in the UK and the US – the two largest student accommodation markets in the world.

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