CVC DIF adds two Scottish student housing assets to portfolio

CVC DIF, part of private markets manager CVC, has acquired two purpose-built student accommodation assets from Mapletree Global Student Accommodation Private Trust for its student portfolio Ottoway Portfolio Holdings. These assets will be added to the existing Ottoway platform, a DIF Infrastructure VI investment, which already includes a portfolio of eight student accommodation assets in the UK. The newly acquired assets. Beaverbank Place in Edinburgh and Firhill Court in Glasgow, will add 750 beds to Ottoway’s portfolio which now totals more 5,000 beds. Both assets benefit from high occupancy rates. Gijs Voskuyl, managing partner at CVC DIF, said, “The acquisition of Beaverbank Place and Firhill Court is a significant step in our value creation strategy for the Ottoway platform. By expanding and diversifying our Ottoway portfolio, we are better positioned to address the evolving needs of the student accommodation sector. This acquisition underscores our commitment to providing high-quality living arrangements for students and supporting the educational landscape”.