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Vita Group completes £165M deal with Mapletree on sale of four Vita Student residences

Demonstrating clear confidence in the UK PBSA market and the Vita Student brand, Singapore’s leading development, investment, capital, and property management company – Mapletree Investments Pte Ltd (Mapletree), has agreed a deal exceeding £165M to purchase four Vita Student residences from Vita Group, the industry leading development and operating platform reimagining city living.

The portfolio split across four sites and totalling 917 beds includes prominent Vita Student assets which have delivered consistent high occupancy levels since their inception including Portland Crescent in Leeds, Station Street in Nottingham, Zed Alley in Bristol, and Portland House in Exeter.

Vita Group will continue to manage operations for the four sites operating under the Vita Student brand.

The deal will enable Vita Group to continue to develop its platform, with new brands launching and a robust pipeline of projects outlined for the next five years.

Legal advisors CMS and Shoosmiths together with financial adviser PWC acted on behalf of Vita Group whilst Mapletree was advised by Baker McKenzie for legal work, EY for finance and tax and Paragon for technical. Savills Capital Advisors introduced and led the transaction.

Mark Stott, CEO of Vita Group said: “We’re excited to partner strategically with Mapletree, agreeing the sale of four assets. In securing this deal, it provides the business with the capital and the confidence to continue to develop the Vita Group platform to thrive, with an ever-increasing future pipeline of projects.”

Mapletree’s Deputy Group Chief Executive Officer, Mr Chua Tiow Chye said: “This acquisition of four high-quality assets will enhance the scale and reach of our PBSA presence in the UK. Mapletree will continue to expand its global footprint in this asset class for its attractive long term growth prospects supported by strong fundamentals of domestic and international students’ demand.”

Savills Director, Ralph Watson said: “Savills is delighted to have advised the Vita Group on another significant transaction. The sale of this excellent portfolio to one of Singapore’s best-known institutional investors reinforces the attractiveness of Vita’s product, service-model and platform capabilities, as well as the continued interest in the UK’s student accommodation sector from investors attracted to both its resilience and future growth prospects.”

Place & Community

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Place & Community

Create thriving communities, a principle which has been with us from the very start, it’s simply not good enough to create a building without thinking carefully about its context and the wider impact it has on its surrounding neighbourhood. We’re driven to create communities within communities as well as respond to and complement the neighbourhood and its eco-system. Creating tomorrow’s city living means we must be part of the DNA of that city and partnering with local authorities. This includes connecting with local suppliers, talent, charities, and businesses, collaborating on important community initiatives and helping to develop surrounding spaces. It’s not just about helping to regenerate cities; it’s helping them to function effectively.

Society

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Society

We know that in helping to create tomorrow’s cities, we have a responsibility to have the best possible impact on society as a whole. As such, we won’t be afraid to challenge those things which just don’t sit right. So don’t be surprised to see us take a knee at the start of a sporting event, celebrate key religious holidays, and fly the rainbow flag for pride. To create a better tomorrow, we must stand together today.

Environment

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Environment

To really effect change and create a platform in which cities thrive, we know we need to look beyond building design, carbon creation and energy usage. We must tackle bigger issues and help change behaviours, as such we’re creating initiatives which help users across the platform understand the role they can play in reducing our impact on the world.

Sustainable Operations

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Sustainable Operations

Continually reduce our use of the planet’s valuable resources, working towards net-zero carbon, sourcing green energies and reducing non-recyclable waste.

Building Design

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Building Design

Building design – create a harmonic balance between buildings, the environment and their users. Constantly looking at ways we can improve efficiency (reducing U and Y values), reduce embodied carbon through production whilst ensuring wellbeing through design and innovation to create high performing buildings which enable their occupants to live more healthily and productively. It includes elements such as air quality, sustainable construction and amenities.

Governance

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Governance

Applying best practice and the highest standards and ethics to everything we do. From how we manage personal data to how we conduct our business in every aspect of the corporate and consumer realm. Our policies and practices ensure we’re constantly reviewing, auditing and ensuring statutory compliance and principled integrity. We are guided by best-in-class professional advisory firms in developing and reviewing our corporate policies, as well as following national guidance on health and safety and sector-specific codes of practice to ensure we maintain the state of the art.

Welfare & Wellbeing

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Welfare & Wellbeing

Provide a welfare and wellbeing care package for all our people to access. Ensure every resident feels welcome, is part of the community and has the best possible opportunity to thrive incorporating physical and mental wellbeing. This includes constantly evolving our services such as the duty of care charter, onboarding events, our state-of-the-art gyms and free to use bikes.

Talent

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Talent

Create a culture and environment which allows our colleagues to thrive. We recruit the very best people and give them the opportunity to be better. From our fair pay policies and flexible working, to personal development programmes, life shaping experiences, and inclusive recruitment, everyone has the best opportunity to thrive.