Coral Portfolio was established as a brand in 2008 by a group of experienced industry professionals. It aims to provide a platform of transparent, regulated Funds which match or exceed the expectations of their institutional investors. The Funds are actively managed by Coral S.à.r.l. with careful attention to risk management and highest standards of service delivery.

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Leading US operator completes £300m purchase of last tranche of Opal Group student housing assets

Greystar, the largest provider of student accommodation in the United States has purchased the last tranche of Opal Group assets for £300m reports Property Week magazine.

In partnership with Goldman Sachs Greystar has secured a further 5,000 beds with this deal bringing its total operational units to 13,000 across the UK.  The company is the largest owner of rented apartments in the US with some 215,000 flats under their management.

Stiff competition from competitors including fellow US investors Avenue Capital and Australian provider Campus Living Villages ensured the Opal Group assets were swiftly sold, often at substantial premiums to market value and reflects the popularity of UK student housing amongst the World’s top operators and investors. …

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Unite Group buys Cordea Savills student portfolio in £137m deal

Britain’s largest provider of purpose-built student housing,  Unite Group, has acquired Cordea Savills’ 2,904-unit student accommodation portfolio in a £137m deal, reports the Financial Times.

The purchase of Cordea Savills’ student homes boosts USAF’s portfolio by 10 per cent to top £1.5bn; it now owns 24,577 student beds across 22 towns and cities. The deal is priced at a 6.3 per cent net initial yield and is expected to add £2m a year to USAF’s annual turnover.

The deal announcement follows on from another student housing deal finalised in the past week by specialist pensions investor The Pension Insurance Corporation who invested £114m into a venture with UPP and the University of London.  Institutional activity in …

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Pension Insurance Corporation invests £114million in London student housing scheme

The Pension Insurance Corporation (PIC), a specialist provider of insurance solutions for pension funds, has provided £114million of funding as the sole investor in a loan which allows the University of London to redevelop the Garden Halls student accommodation in London’s Cartwright Gardens, Bloomsbury, in partnership with University Partnerships Programme (“UPP”).

The project will deliver 1,200 rooms to the Colleges of University of London and will be run by UPP, which is currently in partnership with thirteen universities across the UK.

This deal is part of PIC’s infrastructure investment strategy, under which PIC focuses on investing in long-term, secure debt investments to match long-dated liabilities in a growing portfolio.  Investment Manager Delphine Deasy commented: “In the right …

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