Canterbury Student Manor sold by DFI

DFI completes fund's first exit with student accommodation sale



Deutsche Finance International (DFI) has announced the sale of Canterbury Student Manor in an off-market transaction to a private investor.

The fund’s business plan for the asset has been completed two years ahead of schedule.

This is the first exit for the London-based, pan-European private equity real estate investor’s DFI European Value Add Fund (DFI EVAF).

The fund was closed in July 2019 with €436m (approximately £367m) of equity, including co-investment. 

DFI has already assembled a portfolio of around €1bn (approximately £841m) in value, which is diversified across five European markets.

Gavin Neilan, co-founder and co-managing partner at DFI, said: “To have sold this property two years ahead of our business plan … illustrates our capacity to actively create value in operational real estate and unlock the full potential of our portfolio.”

 


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