Sept 29 GIC Private Ltd, Singapore's
sovereign wealth fund, said it partnered with Global Student
Accommodation UK Ltd to buy a UK student accommodation portfolio
from Oaktree Capital Management LP.
The transaction for the portfolio of 7,150 beds is the
largest student accommodation deal so far this year, GIC said on
Britain's property sector was hit hard by the country's
historic vote in June to leave the European Union, but the
market has since steadied.
Terms of the deal were not disclosed.
(Reporting by Pranav Kiran in Bengaluru; Editing by Sriraj