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13 February 2012

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Carlyle enters Benelux student housing JV via CEREP III

Global private equity firm The Carlyle Group is expanding real estate operations into Belgium, The Netherlands and Luxembourg through a joint venture with Benelux Property Group, aiming to build a portfolio of student housing. Carlyle will invest through its third European real estate fund CEREP III, which has e2.2bn of equity. BPG is a JV between Opal Group, the UK's largest private owner of student accommodation, and the MacGregor family.

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