CVC DIF’s portfolio company Ottoway Portfolio Holdings acquires two purpose-built student accommodation assets in the UK
- Beaverbank Place in Edinburgh and Firhill Court in Glasgow add an additional 750 beds to Ottoway’s fast-growing portfolio.
- This significant growth milestone for the business will expand Ottoway’s footprint to over 5,000 beds nationwide.
CVC DIF, the infrastructure strategy of leading global private markets manager CVC, is pleased to announce the strategic acquisition for its student accommodation platform, Ottoway Portfolio Holdings (“Ottoway”), of two purpose-built student accommodation assets from Mapletree Global Student Accommodation Private Trust. 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 United Kingdom.
The newly acquired assets are ideally located in popular university cities with strong supply-demand imbalance and are backed by nomination agreements with top universities. Beaverbank Place in Edinburgh and Firhill Court in Glasgow will add c.750 beds to Ottoway’s portfolio which now totals over 5,000 beds. Both assets benefit from high occupancy rates.
Gijs Voskuyl, Managing Partner at CVC DIF, commented, “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”.
Backed by long-term demographic tailwinds, Ottoway is focused on delivering student-centric accommodation in thriving academic centres. The platform is actively pursuing further growth opportunities to continue partnering with leading universities across the UK and meet accelerating demand in this resilient sector.
About CVC DIF
CVC DIF (formerly DIF Capital Partners) is a leading global mid-market infrastructure equity fund manager.
Founded in 2005 and headquartered in Amsterdam, the Netherlands, CVC DIF has c. €19 billion of infrastructure assets under management in energy transition, transport, utilities and digitalisation.
With over 240 people in 12 offices, CVC DIF offers a unique market approach, combining a global presence with the benefits of strong local networks and sector-focused investment capabilities.
CVC DIF forms the infrastructure strategy of leading global private markets manager CVC. This partnership allows CVC DIF to benefit from CVC’s global platform, with 30 offices across five continents.