In a joint statement, the companies said the deal incorporates eight UK assets and Vita Group will continue to manage and operate the buildings on behalf of DWS. German asset manager DWS is set to acquire a portfolio of eight student accommodation assets, located across the UK, from Vita Group for £600m ($727m). The move expands DWS' presence in the sector, and follows the recent forward purchase of a project in Wembley. Vita's portfolio includes two student housing projects at St Paul's University College London and King's College, London, as well as several other properties around London.
German asset manager DWS is set to acquire a portfolio of eight student accommodation assets, located across the UK, from Vita Group for £600m ($727m). The move expands DWS' presence in the sector, and follows the recent forward purchase of a project in Wembley. Vita's portfolio includes two student housing projects at St Paul's University College London and King's College, London, as well as several other properties around London.