CDL Hospitality Trusts ventures into student accommodation with £37.3 million UK deal

News about CDL Hospitality Trusts
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).
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CDL Hospitality Trusts
Price0.855 SGD
NAV1.500 SGD
Yield (4 quarters)5.60%
Gearing42.4%