Mapletree acquires 31 schemes in the UK and Germany

The £1bn acquisition brings Mapletree’s UK portfolio to over 17,000 beds and its overall student housing portfolio to over 33,000 beds.

Student Castle Oxford is a 515-bed student housing asset located adjacent to Oxford’s city centre railway station | Mapletree Investments | PBSA News
Student Castle Oxford is a 515-bed student housing asset located adjacent to Oxford’s city centre railway station.

Singapore-based real estate investment, development and property management company Mapletree Investments has announced its acquisition of 8,192 operational beds across 19 cities in the UK and Germany, and an operating platform from Cuscaden Peak Investments.

The newly acquired portfolio includes a range of student accommodation schemes that offer extensive amenities and convenient access to the local universities. The portfolio has been strategically located in key university cities in the UK such as Bristol, Cambridge, Durham, Edinburgh, Oxford and York, alongside Bremen in Germany.

The operating platform manages two brands – Student Castle and Capitol Students – and provides Mapletree with direct control of the acquired portfolio. In 2023, the operating platform achieved one of the most prestigious awards in the student housing sector.

Student Castle Brighton is a 206-bed student housing asset located minutes away from the University of Brighton (Moulsecoomb Campus) and close to the University of Sussex | Mapletree Investments | PBSA News
Student Castle Brighton is a 206-bed student housing asset located minutes away from the University of Brighton (Moulsecoomb Campus) and close to the University of Sussex.

“The acquisition is part of Mapletree’s strategy to grow the student accommodation sector in the UK, the US, Europe and Australia, which remain underserved by quality student housing assets.

“The student housing sector is one of the Group’s core real estate focus areas due to its fundamental demand-supply imbalance and defensive characteristics. We will capitalise on the newly acquired operating platform to support our strategic vision of growing as well as enhancing our operational performance in the UK.”

Hiew Yoon Khong, Group Chief Executive Officer, Mapletree

Since entering the student housing market in 2016, Mapletree has grown its student housing portfolio to a total of 33,000 beds across 47 cities in the UK, the US, Germany and Canada, with total assets under management (AUM) of S$6.2bn.

The Group has announced that it will continue to invest into the sector while leveraging its development capabilities to undertake greenfield and brownfield development projects to grow its student housing portfolio.