CPPIB completes £1.1bn Liberty Living buy
Canada Pension Plan Investment Board (CPPIB) has completed the acquisition of 100% of the UK student accommodation portfolio operating under the Liberty Living brand from the Brandeaux Student Accommodation Fund in a move that immediately propels it to being the third largest UK student housing provider.
As part of the transaction, CPPIB has also bought 100% of the Liberty Living management platform, Liberty Living Management Two Ltd, creating a single, integrated company under the Liberty Living brand.
The total consideration paid for the portfolio and management platform was approximately £1.1bn …