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Kajima Student Housing completed the acquisition of Student Depot from Oaktree Capital.

Synopsis

Kajima Student Housing, a Japanese real estate group, completed the acquisition of Student Depot, the largest dormitory platform in Poland, from Oaktree Capital, an American fund, for €60m ($68m). "Poland is at a very early stage in the development of the private student housing segment. However, we are favored by global preferences of investors who are interested in diversifying their portfolios and investing in products that are more resistant to short-term fluctuations. Demand for this asset class exceeds supply, both from investors who expect more projects to buy and from students themselves who lack space in such facilities. Following the high occupancy rate of the first private student houses completed on our market, we can soon witness the first large transactions on the investment market," Kamil Kowa, Savills member of the Management Board.

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