CDL Hospitality Trusts is venturing into the student accommodation business for the first time, with the purchase of a purpose-built student accommodation (PBSA) in Liverpool, United Kingdom.

The PBSA is part of CDL Hospitality Trusts (CDLHT) wider acquisition of freehold land, which also comprises a piece of vacant land adjacent to the student accommodation asset, said the trusts’ managers in a bourse filing on Thursday (Dec 19).