Kajima Student Housing has acquired in partnership with Griffin Real Estate Partners Student Depot, Poland’s largest provider of student accommodation, from Oaktree Capital Management.

Student Depot, which by September 2019 will operate 2,000 beds across five sites in Poland, representing half of the Polish Purpose Built Student Accommodation (PBSA) market, was purchased in a transaction worth over €60 million.

The deal was made in a 90:10 joint venture with entities controlled by GRE, the largest real estate investment manager in CEE, and from entities indirectly controlled by Oaktree, the global asset management firm specialising in alternative investment strategies.

The business was originally…

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