Mapletree Deepens Student Housing Footprint in the UK with Strategic Acquisition of 31 Assets with an Operating Platform for £1 billion

  • Acquisition brings Mapletree’s overall student housing portfolio to over 33,000 beds spanning 47 cities in the United Kingdom (“UK”), the United States (“US”), Germany and Canada
  • Platform acquisition gives Mapletree direct control as manager/operator of newly acquired 8,192 beds
  • Positions Mapletree as the one of the largest owners of student housing in the UK with over 17,000 beds

SINGAPORE – Mapletree Investments (“Mapletree” or “the Group”) is pleased to announce its acquisition of 8,192 operational beds across 19 cities in the UK and Germany, and an operating platform from Cuscaden Peak Investments. The £1 billion1 (~S$1.7 billion2) acquisition brings the overall bed count within Mapletree’s UK portfolio to over 17,000, solidifying the Group’s position as one of the largest owners of student housing assets in the UK.

Said Mr Hiew Yoon Khong, Group Chief Executive Officer of Mapletree, “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.”

The operating platform manages two brands, namely Student Castle and Capitol Students, and provides Mapletree with direct operational control of the acquired portfolio, thereby enhancing the Group’s operational capabilities.

In 2023, the operating platform achieved Global Student Living’s Platinum certification, one of the most prestigious awards in the student housing sector. This demonstrates its operational excellence and ability to achieve high levels of resident satisfaction and wellbeing.

This newly acquired portfolio includes a range of student accommodation properties that offer extensive amenities and convenient access to universities. These assets are strategically located in key university cities in the UK such as Bristol, Cambridge, Durham, Edinburgh, Oxford and York, as well as Bremen in Germany.

These properties will complement the existing student housing assets which are already owned by the Group.

Mapletree is proud to feature a global portfolio diversified across the largest student housing markets of the UK and the US. 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$6.2 billion. The Group will continue to invest into this asset class while leveraging its development capabilities to undertake greenfield and brownfield development projects to grow its student housing portfolio.

Architecture, Building, Office Building

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

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.

Some of the many amenities Student Castle Durham offers include conducive study areas.

Located in Edinburgh, Capitol Students Gorgie provides a shared kitchen for tenants in en-suite studios.

Footnotes:
1~US$1.3 billion (£1=US$1.266 as at 31 March 2024)
2£1=S$1.705 as at 31 March 2024

Media Contacts

Mapletree

Elizabeth Koh

Assistant Manager, Corporate Communications

Tel: +65 6807 4072

Email: elizabeth.koh@mapletree.com.sg

Heng Sue Yuan

Director, Corporate Communications

Tel: +65 8338 9254

Email: heng.sueyuan@mapletree.com.sg

HO CHI MINH CITY – More than 300 wildlife photography enthusiasts and birdwatchers gathered at SC VivoCity in Ho Chi Minh City at the opening and prize presentation ceremony of the ‘Wild Birds and Mammals of Vietnam’ Photography Exhibition. Now in its second year running, this year’s exhibition held from 12 to 17 October focuses on the theme of endangered birds and mammal species in Vietnam, and is jointly organised by WildTour, the Vietnam Wildlife Photography Club and BirdLife International, supported by the Ho Chi Minh City Photography Association (HOPA), and sponsored by Mapletree Investments, Canon Vietnam and Lexar. ‘Wild Birds and Mammals of Vietnam’ is a culmination of a month-long, nationwide photography competition with a focus on Vietnam’s endangered species from July 2024 to early September 2024. 

This year’s exhibition profiles wild birds and mammals in Vietnam. Vietnam supports some of the highest concentration of endangered species in Southeast Asia. Of note is Vietnam’s diversity of primates, among the most imperilled primate faunas in the world, and home to the charismatic Tonkin Snub-nosed Monkey and the Delacour’s Langur. Similarly,  Vietnam’s bird fauna is rich but threatened by habitat loss and trapping for the pet trade. ‘More than 400 images were received by our team, many of them exceptionally high-quality images of some of Asia’s rarest bird and mammal species’, observed Mr Nguyen Truong Sinh, lead organiser of the competition and chairperson of the Vietnam Wildlife Photography Club. He also chaired the judging panel with seven other experts. Dr Yong Ding Li who represents BirdLife International on the panel agreed and noted that the images received were more diverse than the inaugural competition in 2023 and reflects a rapidly growing interest in nature photography in Vietnam.

The Exhibition coincided with the World Migratory Bird Day weekend on 12 October 2024, held twice a year to celebrate the spectacular movement of birds across the globe every Spring and Autumn. Over this time, millions of migratory birds can be expected to be on their journeys across the Asian continent, moving from wetlands to wetlands along the East Asian-Australasian Flyway, including here in Vietnam. Several migratory species were featured among the exhibited images, including among them the Spoon-billed Sandpiper, Great Knot and Wallcreeper, the last an extremely rare visitor to northern Vietnam.

Mr Edmund Cheng, Chairman, Mapletree, added: “We are pleased to witness our support for environmental awareness in Vietnam gain momentum, starting from our first migratory bird event in 2023 at the wetlands of Can Gio. This commitment is influenced by Mapletree’s environment and education pillars, two of the four pillars under our Corporate Social Responsibility framework to enrich communities in markets where we operate.”

“It was great to see the high quality of submissions received from not just photographers in south Vietnam, but also from further away in Ha Noi and Da Nang. I was particularly impressed with the fantastic selection of  Vietnam’s endemic and wild birds documented in these photographs. The selection of mammals was equally impressive, with some of the best shots of the rare Cat Ba Langur. Eventually our committee of judges agreed that the Tonkin Snub-nosed Monkey image by Mr Chung Van Thanh was the best of the lot”, observed Mr Nguyen Hoai Bao, director of WildTour and chairperson of the judging panel with five other experts.  

This year’s exhibition is the fourth World Migratory Bird Day event supported by Mapletree since 2023, starting from the ‘Celebrating Migratory Birds in Vietnam’ activity organised in Can Gio wetlands by WildTour and BirdLife. In 2024, Mapletree supported the first ever Vietnam Bird Race, held at Tràm Chim National Park. The organisers and supporters of this event plan to build on the success of this year’s event and introduce new elements to attract more bird and nature enthusiasts from across Vietnam. The Vietnam Bird Race will take place annually and the next iteration is slated to be held in May 2025. 

Figure 1. Chung Van Thanh’s portrait of a Tonkin Snub-nosed Monkey, among Southeast Asia’s rarest mammals, won the first prize. 

Figure 1. Chung Van Thanh’s portrait of a Tonkin Snub-nosed Monkey, among Southeast Asia’s rarest mammals, won the first prize. 

Figure 1. Chung Van Thanh’s portrait of a Tonkin Snub-nosed Monkey, among Southeast Asia’s rarest mammals, won the first prize. 

Figure 1. Chung Van Thanh’s portrait of a Tonkin Snub-nosed Monkey, among Southeast Asia’s rarest mammals, won the first prize. 

Figure 1. Chung Van Thanh’s portrait of a Tonkin Snub-nosed Monkey, among Southeast Asia’s rarest mammals, won the first prize. 

MEDIA CONTACTS

Xabryna Kek

Assistant Manager, Corporate Communications

Mapletree Investments Pte Ltd

Tel: (65) 6377 4608

Email:xabryna.kek@mapletree.com.sg

Linus Lui

Assistant Manager, Corporate Social Responsibility

Mapletree Investments Pte Ltd

Tel: (65) 6377 6376

Email:linus.lui@mapletree.com.sg

Linus Lui

Assistant Manager, Corporate Social Responsibility

Mapletree Investments Pte Ltd

Tel: (65) 6377 6376

Email:linus.lui@mapletree.com.sg

Headquartered in Singapore, Mapletree is a global real estate development, investment, capital and property management company committed to sustainability. Its strategic focus is to invest in markets and real estate sectors with good growth potential. By combining its key strengths, the Group has established a track record of award-winning projects, and delivers consistently attractive returns across real estate asset classes.

The Group manages three Singapore-listed real estate investment trusts (“REITs”) and nine private equity real estate funds, which hold a diverse portfolio of assets in Asia Pacific, Europe, the United Kingdom (“UK”) and the United States (“US”). As at 31 March 2024, Mapletree owns and manages S$77.5 billion of office, retail, logistics, industrial, data centre, residential and student accommodation properties.

The Group’s assets are located across 13 markets globally, namely Singapore, Australia, Canada, China, Europe, Hong Kong SAR, India, Japan, Malaysia, South Korea, the UK, the US and Vietnam. To support its global operations, Mapletree has established an extensive network of offices in these countries.

For more information, please visit mapletree-dev.altis.cloud.

BirdLife International is a partnership of over 122 conservation organisations worldwide covering all continents, landscapes, and seascapes. As a leader in bird conservation, our unique local to global approach enables us to deliver high impact and long-term conservation for the benefit of nature and people. Our mission is to conserve birds, their habitats and global biodiversity, while working with people toward sustainability in the use of natural resources.
Find out more at www.BirdLife.org