Summary:
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Mapletree Investments has completed integrating its externally managed UK student housing asseets under its in-house operator, Student Castle, which manages close to 17,000 beds in the country.
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“Self-management forms a core component of our long-term strategy for markets where we have sufficient scale. The successful transition to self-management for our UK portfolio underscores our disciplined execution and sets the groundwork for a similar move for our US student housing portfolio,” says Matt Walker, CEO of Mapletree’s student housing arm.
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Student Castle was acquired by Mapletree in April 2024 for GBP1 billion. The portfolio includes 31 student housing assets across the UK and Germany.
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