The transaction is the largest ever private real estate transaction in the UK and subject to regulatory approvals. Greystar owns and operates boutique student accommodation brand, Chapter, which provides premium student living in the best London locations. “The energy is amazing. Piers Wehner 06/12/2019 Print. Sky News reported Blackstone’s interest earlier Thursday. iQ saw off competition from Urbanest with Unite, Europa Capital, and PSP with Greystar. By clicking close, you opt out of tracking. Resa is Spain’s market leader in student accommodation with 9,309 student beds in 19 Spanish cities, including tier one cities Madrid and Barcelona, in addition to Andalucía, Cataluña, Galicia, Navarra, Pais Vasco, Salamanca and Valencia. … Why the U.K.’s Mutated Coronavirus Is Fanning Worries: QuickTake, Europe Moves to Isolate U.K. as Mutated Virus Ruins Christmas, Adelson’s Singapore Casino Paid a Price for Courting China’s ‘Whales’, World’s Longest Virus-Free Streak Ends With New Taiwan Case, U.K.’s Hancock Says New Covid Mutation Is ‘Out of Control’. IQ is the largest private student accommodation platform in the UK, ... Wellcome 28% and Greystar, which worked with Goldman on a UK student buying spree, 2%. It also marks a number of significant firsts for us, being our first investment into this asset class in Europe and our first joint venture with our two JV partners.”, “Student accommodation is an asset class of real interest to us, offering extremely visible income streams that are backed by operational businesses and dislocated from real estate market cycles. iQ Student Accomodation (Vero Group) - Goldman, Wellcome Trust and Greystar (minority), Atira Equity Fund United States UK, US, Australia $250mn 9 BREIT Private REIT United States US $1.2bn 10 GSA Group Developer/Owner United Kingdom Germany, Ireland, Spain, UK, Australia N/A Figure 3 Top investors in student accommodation since 2016 Parts of the website may not work as expected without them. We’re delighted to acquire the company to add to Greystar’s growing European platform. Greystar manages over $17 billion in gross assets on behalf of a global network of institutional investors, including $8 billion of developments that have been completed or are underway. Goldman Sachs Merchant Banking Division and the Wellcome Trust have completed the sale of iQ Student Accommodation to Blackstone for €5.22bn (£4.66bn). To read more about our policies click Privacy Policy . The JV includes. To learn more about Greystar, visit Greystar.com. Unite Students 49,000 Consolidation –portfolio acquisitions - Vero: Opal, iQ, Greystar 23,500 - CPPIB: Liberty Living, Student Castle 20,000 Growth –single asset, develop / forward fund - Watkin Jones 13,000 - Empiric 6,000 - GCP 2,000 New entrants –portfolio - Brookfield 5,000 - Temasek 4,000 - GSA 3,500 - … As well as seeking buyers, the student housing group backed by Goldman Sachs Group Inc. is mulling a public listing in London next year, they said. … Greystar Collegiate Housing in the News May 5, 2020 - University of Hawaii selects Greystar for major housing project on Mānoa campus April 6, 2020 - Student Housing Community to be built near Virginia Tech Greystar is a proud partner with Move for Hunger. Goldman Sachs Merchant Banking Division and Wellcome said the disposal of iQ Student Accommodation, which is the largest ever private real estate transaction in the UK, is subject to regulatory approvals. Blackstone has bought a £4.66bn (€5.53bn) UK student housing provider owned by Goldman Sachs and the Wellcome Trust. Blackstone also among firms in early stages of preparing bids, Goldman-backed iQ also mulling an IPO in London next year. The Spanish student accommodation market is also both highly fragmented and undersupplied and therefore presents us with an opportunity to grow our portfolio by investing further in our Resa joint venture. To learn more about Greystar, visit Greystar.com ABOUT CHAPTER Chapter is a market leading student accommodation brand, providing premium student living in the best London locations. Chapter has 4,456 student beds across eight sites currently (Aldgate, Highbury, Islington, King’s Cross, Lewisham, Portobello, Spitalfields and Southbank). The company will continue to operate under the Resa brand with Greystar assuming responsibility for overall management. The JV includes AXA Investment Managers - Real Assets (“AXA IM - Real Assets”), acting on behalf of its clients, and CBRE Global Investment Partners (CBRE GIP), also acting on behalf of clients. The sale attracted 11 bids for the LetterOne portfolio, with the transaction completing around 10% higher than expected. student beds in two different platforms — Chapter Student Living in Central London and IQ Student Accommodation, where Grey-star is a shareholder. Steven Zeeman, Managing Director, Investment Management – Netherlands, Greystar: “Resa is Spain’s leading student housing brand by some margin with an excellent management team in place and considerable growth potential. Sailmakers is a vibrant mixed-use development located in a prime location on the south quay of Canary Wharf. IQ Student Accommodation is a British student housing company. Earlier this year in May, in a separate transaction, KKR sold the residential buildings in Utrecht, comprising 173 units, to GIC and Orange Capital Partners. Chapter provides student accommodation in the best London locations for UK and International students. Goldman Sachs, Wellcome Trust and Greystar have formed a joint venture to launch a new student housing company, Vero Group, it was announced today. Two of the U.K.’s biggest providers of student accommodation, Unite Group Plc and Liberty Living Group Plc, last month completed a merger in a 1.4 billion-pound deal. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support The company is an investor and operator of UK student brand Chapter and a shareholder in student accommodation provider iQ. Liam has 5 jobs listed on their profile. A rendering of the iQ Echo Street co-living and student housing facility in Manchester City. The interest comes as IQ’s owners, Goldman Sachs with 70% and Wellcome Trust with 28%, are preparing an IPO for the business they created in early 2016. The company is an investor and operator of student brand Chapter and a shareholder in student accommodation provider iQ. The transaction is the largest ever private real estate transaction in the UK and subject to regulatory approvals. iQ was formed after Wellcome Trust merged its student accommodation business with Prodigy Living, owned by Greystar and Goldman. | Greystar Real Estate Partners. Monday, September 18, 2017
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