German asset manager DWS is set to acquire a group of eight student accommodation buildings , located across the UK , from Vita Group for £ ##500 m ( $ 727 m ) . The move expands Siemens ' presence in the sector , and follows the recent forward purchase of a project in Germany . “With demand for higher education growing globally, we expect UK universities to continue to attract students from both the UK and overseas, despite current uncertainties. Post - acquisition , Vita Group will continue to manage and operate the buildings .
German asset manager DWS is set to acquire a group of eight student accommodation buildings , located across the UK , from Vita Group for £ ##500 m ( $ 727 m ) . The move expands Siemens ' presence in the sector , and follows the recent forward purchase of a project in Germany . Post - acquisition , Vita Group will continue to manage and operate the buildings .