The PBSA properties that are said to be for sale have a total of 4,844 beds and are owned by a Mapletree-sponsored closed-end private fund. Some of Mapletree’s student accommodation properties are funded by Mapletree Investments itself, while the rest are funded by the Mapletree Global Student Accommodation Private Trust.
Mapletree Investments has reportedly put up 24 UK purpose-built student accommodation (PBSA) properties for sale, reports Mingtiandi.
This comes after Mapletree announced, in April, that it was acquiring 31 student accommodation assets and an operating platform from Cuscaden Peak Investments for GBP1 billion ($1.7 billion). The assets have 8,192 operational beds across 19 cities in the UK and Germany.
