Major student accommodation scheme changes hands

Bonington Student Village

A major student accommodation scheme on the University of Nottingham’s Sutton Bonington campus has been sold as part of a deal which has seen over 4,500 rooms change hands.

DIF Capital Partners has bought Ottoway Portfolio Holdings, a company that owns and operates a portfolio of eight purpose-built student accommodation (PBSA) across the UK.

The deal will see Bonington Student Village sold.

The company was acquired from a fund advised by Arlington Advisors, a UK-based investment manager, and Campus Living Villages (CLV), the on-campus student accommodation owner-operators. The investment will be made by DIF Infrastructure VI and CLV will continue operating the portfolio.

DIF will also take control of student schemes in London, Birmingham, Leeds, Manchester, Liverpool and Newport.

Gijs Voskuyl, partner and head of infrastructure at DIF, said: “DIF is excited to add a sizable student accommodation portfolio to DIF VI. This operational portfolio benefits from long-term relationships with universities in key UK cities and has demonstrated a strong historical track record. We recognise the important role that PBSA plays for both local and foreign students thus we look forward to working alongside high calibre educational institutions to provide accommodation for their students.”

DIF was advised by CMS, Vercity, Student First Group, Deloitte and Evolution Infrastructure.

Arlington and CLV were advised by Squire Patton Boggs, KPMG, Memery Crystal and Osborne Clark.

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