Ottoway: Expanding UK Student Accommodation with 750 New Beds
Deal News | Apr 16, 2025 | Dutch Infrastructure Fund BV
CVC DIF, the infrastructure strategy arm of CVC, has expanded its UK student accommodation platform, Ottoway Portfolio Holdings, by acquiring two purpose-built student accommodation assets from Mapletree Global Student Accommodation Private Trust. The acquisitions of Beaverbank Place in Edinburgh and Firhill Court in Glasgow add approximately 750 beds to Ottoway's portfolio, increasing it to over 5,000 beds. Both assets are strategically located in popular university cities and benefit from high occupancy rates and nomination agreements with top universities. This move supports Ottoway's strategic growth to meet the rising demand for student accommodation and furthers its commitment to delivering high-quality living arrangements. According to Gijs Voskuyl, Managing Partner at CVC DIF, this acquisition is a crucial step in Ottoway's value creation strategy, aiming to address the evolving needs of the student accommodation sector. Ottoway plans to continue pursuing growth opportunities in partnership with leading universities across the UK.
Sectors
- Student Accommodation
- Private Equity
Geography
- United Kingdom – The geography pertains to the location of the acquired student accommodation assets, which are situated in Edinburgh and Glasgow, UK.
- Netherlands – Dutch Infrastructure Fund BV, the source private equity firm, is based in the Netherlands.
Industry
- Student Accommodation – The article discusses acquisitions in the student accommodation sector, a subset of the real estate industry focused on housing for students.
- Private Equity – CVC DIF, a division of CVC, is a private equity firm engaging in strategic investments in infrastructure, including student housing.
Financials
- 750 beds – The number of additional beds added to Ottoway's portfolio from the acquisition.
- Over 5,000 beds – The total number of beds in Ottoway's portfolio following the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ottoway Portfolio Holdings | Buyer | Company | A portfolio company under CVC DIF focused on student accommodation in the UK. |
| CVC DIF | Private Equity Firm | Company | The infrastructure strategy arm of global private markets manager CVC, specializing in infrastructure investments. |
| Mapletree Global Student Accommodation Private Trust | Vendor | Company | The seller of the student accommodation assets now acquired by Ottoway. |
| Beaverbank Place | Target Company | Facility | A student accommodation asset located in Edinburgh with high occupancy rates. |
| Firhill Court | Target Company | Facility | A student accommodation asset located in Glasgow with high occupancy rates. |
| Gijs Voskuyl | Managing Partner | Person | Managing Partner at CVC DIF, providing comments on the strategic acquisition. |