© Copyright Acquisition International 2024 - All Rights Reserved.

Article Image - Canada Pension Plan Investment Board Acquire Liberty Living
Posted 13th March 2015

Canada Pension Plan Investment Board Acquire Liberty Living

NULL

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Canada Pension Plan Investment Board Acquire Liberty Living
Image

Canada Pension Plan Investment Board Acquire Liberty Living for £1.1bn

Canada Pension Plan Investment Board (CPPIB) announced today the acquisition of 100% of the U.K. student accommodation portfolio operating under the Liberty Living brand from the Brandeaux Student Accommodation Fund. As part of the transaction, CPPIB also acquired 100% of the Liberty Living management platform, Liberty Living Management Two Ltd., thereby creating a single, integrated company under the Liberty Living brand. The total consideration paid for the portfolio and management platform was approximately £1.1 billion.

Liberty Living is one of the U.K.’s largest student accommodation providers with over 40 high-quality residences located in 17 of the largest university towns and cities across the U.K. Established in 2000, Liberty Living owns a geographically diverse portfolio of over 16,700 rooms and is one of the longest-standing and highly regarded owners and operators in this sector. CPPIB acquired the portfolio following a competitive auction process.

“As a long-term investor, this is an exciting investment for CPPIB and an ideal platform through which we can build further scale, capitalizing on Liberty Living’s position as one of the leading operators in the U.K. student accommodation sector,” said Andrea Orlandi, Managing Director, Head of Real Estate Investments Europe, CPPIB. “This sector is an attractive one for CPPIB and we expect to see continued demand for well-located and well-managed student residences such as those within the Liberty Living portfolio.”

“CPPIB’s ownership positions Liberty Living well for continued growth,” said Charles Marshall, CEO, Liberty Living. “We look forward to a long-term relationship with CPPIB to grow our market share by continuing to deliver top-quality student accommodations across the U.K.”

“In addition to the strong fundamentals of the student accommodation sector, Liberty Living’s successful business model and experienced management team, with a proven track record, are well- aligned with our long-term view,” added Mr. Orlandi.

Macquarie Capital acted as sole financial advisor to CPPIB. 

For more information about either company, please visit www.cppib.com and www.libertyliving.co.uk.

Categories: M&A, Strategy


You Might Also Like
Read Full PostRead - Eye Icon
The Perfect Storm for Pensioners
Finance
13/08/2015The Perfect Storm for Pensioners

Many retirees, and those on the cusp of retirement, should consider revising their personal financial strategy, warns the chief executive of one of the world’s largest independent financial advisory firms.

Read Full PostRead - Eye Icon
7 Business Benefits of Hiring Managed IT Services
News
02/11/20217 Business Benefits of Hiring Managed IT Services

Besides accounting, one of the most outsourced jobs is managed information technology (IT) services. And for a good reason. Hiring managed IT services involves hiring third-party specialists to take charge of a business’ needs. As such, entities can focus on

Read Full PostRead - Eye Icon
Fresh Water Anytime, Anywhere
Innovation
06/09/2023Fresh Water Anytime, Anywhere

Water shortage is a very real issue plaguing a multitude of countries, and most are starting to feel the effects now more than ever. However, SkyH2O has been tirelessly working to resolve the issue before it spirals out of control. Now heralded as the Best Atm

Read Full PostRead - Eye Icon
Get to Know the BSP Rewards Partner Program
Innovation
01/09/2017Get to Know the BSP Rewards Partner Program

Get to Know the BSP Rewards Partner Program

Read Full PostRead - Eye Icon
How To Choose A Cloud Service For Your Small Business
Innovation
02/12/2022How To Choose A Cloud Service For Your Small Business

Running a small business nowadays requires careful consideration, especially with the technology used. If you want to maintain an edge in your industry, cloud technology is something to keep in mind. Cloud services allow convenient accessibility of data. Keep

Read Full PostRead - Eye Icon
WillScot Mobile Mini Holdings Announces Agreement to Divest UK Storage Segment
M&A
03/01/2023WillScot Mobile Mini Holdings Announces Agreement to Divest UK Storage Segment

Container hire specialist Mobile Mini UK has announced that Modulaire Group, the parent company of Algeco, Europe’s leading modular solutions brand, is acquiring Mobile Mini UK Holdings Limited (Mobile Mini UK) from Mobile Mini, Inc.

Read Full PostRead - Eye Icon
Huddle : The Company Making Collaboration Simple and Secure
Innovation
09/09/2019Huddle : The Company Making Collaboration Simple and Secure

Founded in 2006, Huddle is a privately held cloud-based collaboration software company that is headquartered in London, with additional offices in San Francisco,

Read Full PostRead - Eye Icon
The Pros and Cons of AI & How We Must Stay Human
Innovation
02/08/2023The Pros and Cons of AI & How We Must Stay Human

AI is going to impact your life significantly and soon. ChatGPT is just one recent manifestation which has ignited a user take-up rate far exceeding expectations, with others in close pursuit. The World Economic Forum says a quarter of jobs will be impacted ov

Read Full PostRead - Eye Icon
Knowing Your Audience and Talking to Them Clearly
Strategy
19/10/2020Knowing Your Audience and Talking to Them Clearly

No matter what industry you work in there will be a level of marketing required to be able to reach the right people, and not only reach them but reach them with the right message and the correct language to gain their trust. This means that you are able to bu



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow