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KKR – Acquisition of student housing portfolio in the United Kingdom

The New York-based alternative investment firm, KKR, alongside its joint venture partner the London-based real estate investment firm, Roundhill Capital, have acquired from the Wales-based real estate developer, Watkin Jones, a student housing portfolio in the United Kingdom for an undisclosed amount. The portfolio comprises four developments totaling 1,815 beds located in four prime university cities across the U.K. (Coventry, Glasgow and two locations in London). The portfolio is currently under construction and is expected to be completed in 2021.