Oxfordcaps Ties-up With Cerestra
Student housing chain Oxfordcaps has entered into a joint venture with edu-infra asset specialist Cerestra Advisors Pvt. Ltd to focus on on-campus and educational institutions underwritten student housing, the companies said.
Under this JV and new brand name ‘CUIB’, Cerestra and Oxfordcaps have created a separate firm to acquire, operate, and develop student housing infrastructure. Hyderabad-based Cerestra has set aside $125 million for investments in student housing infrastructure, and CUIB targets to close 25,000 beds.
“Joining forces with Cerestra will give both of us an edge to emerge as the most efficient entity to provide educational institutions a one-stop-shop for acquisition, operation, and development of on-campus and near-campus student accommodation,” Annu Talreja, CEO and co-founder at Oxfordcaps, said.