KKR has announced the acquisition of student accommodation in Greater Copenhagen from TPG, a global alternative asset management company.

The accommodation comprises 494 units across three assets. They are located in a residential area in close proximity to, and with excellent transport links to, Copenhagen city center.

KKR is making this investment through its European Core+ Real Estate strategy.

Alexander Thams, Director and Head of Nordic Real Estate for KKR, said: 'We are delighted to announce this acquisition, which builds on our ambitions in Nordic real estate, following our recent investments in Finland, Denmark and Sweden. PBSA's assets in Copenhagen are of the highest quality and well equipped to uniquely serve the city's strong student population'.

Ian Williamson, head of Core+ real estate in Europe at KKR, added: ' PBSA is an important part of our Core+ strategy, and the high quality and modern features of this acquisition fit well with the demand in Copenhagen, an important university city that is structurally undersupplied '.

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