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Deutsche Bank's DWS unit acquires £600M Vita student housing assets

Deutsche Bank unit DWS paid roughly £600 million for nine student housing assets in the U.K. from Vita Group.

The Vita Student Ltd.-operated portfolio comprises a total of 3,198 beds across Manchester, Glasgow, Edinburgh, Leeds, Birmingham and Newcastle.

Vita Group will remain the manager and operator of the assets. The company was advised by Savills and Rothschild on the transaction.