DIF Capital Partners (DIF) announced that it has closed the acquisition of a 90% stake in the Goldsmiths, University of London, student accommodation PPP.

This project was acquired from a fund advised by Arlington Advisors. The investment will be made by DIF Infrastructure V. The remaining 10% stake is owned by Campus Living Villages, a student accommodation owner-operator who will continue operating and maintaining the asset.

The project is an operational availability-based PPP that has been operational in its current form since 2017. It comprises 469 beds across three buildings, communal spaces and an orangery. The project is operated under a 50-year concession signed in 2015. The buildings are all located within 1 mile of the Goldsmiths’ campus in south-east London.

DIF was advised by Addleshaw Goddard (legal), AECOM (technical) and JLL (commercial), Grant Thornton (tax & accounting) and EY (financial).