Bahrain’s Mumtalakat, Investcorp explore potential tie-up in UK student housing

Bahrain’s Mumtalakat, Investcorp explore potential tie-up in UK student housing

Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, and Investcorp, a leading global alternative investment firm with an established presence in the UK and Bahrain, announced on Tuesday that they are discussing establishing a joint platform dedicated to investing in and the management of UK student housing assets.

The announcement is part of a series of initiatives led by Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, who is currently on an official visit to the United Kingdom, to strengthen business ties between the United Kingdom and the Kingdom of Bahrain.

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Under this potential initiative, Mumtalakat and Investcorp would look to jointly own a student housing-focused operating platform created by Investcorp. The platform, which manages the refurbishment and leasing of Investcorp’s Houses in Multiple Occupation (HMO) assets in the UK and helps with their acquisition and underwriting, currently managing a portfolio of approximately 1,200 beds across Nottingham, Bristol, Exeter, and Leeds.

In a context of growing demand for housing from both domestic and international students in the UK, the platform’s ambition is to acquire an additional 700 to