CPPIB Liberty Living buys five student residences in U.K. for $670 mln
CPPIB Liberty Living Inc has purchased a portfolio of five student accommodation residences from Student Castle, a provider of university student housing in the United Kingdom. CPPIB Liberty Living paid £330 million (about $670 million) for the assets, which comprise a total of 2,153 beds in five major university cities. The Canada Pension Plan Investment Board (CPPIB) acquired Liberty Living, a U.K. student accommodation specialist, in March 2015. The pension fund manager paid about US$1.67 billion for the business.
10 August 2015•3 mins read
