The company is an investor and operator of student brand Chapter and a shareholder in student accommodation provider iQ. The vendors are Azora, Arta Capital, March Campus and Mutua Madrileña. We are also very pleased to be working alongside these new partners, two globally renowned asset and investment management businesses, for the first time.”. 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. This is an approach that has worked well for Greystar in both the US and the UK and we aim to replicate the model in Spain. The company is an investor and operator of student brand Chapter and a shareholder in student accommodation provider iQ. Greystar’s multifamily pipeline includes Greenford in West London and Sailmakers in Canary Wharf. The company is an investor and operator of student brand Chapter and a shareholder in student accommodation provider iQ. student beds in two different platforms — Chapter Student Living in Central London and IQ Student Accommodation, where Grey-star is a shareholder. iQ was formed after Wellcome Trust merged its student accommodation business with Prodigy Living, owned by Greystar and Goldman. 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. 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. Greystar Real Estate Partners (“Greystar”), a global rental housing leader, the Public Sector Pension Investment Board (“PSP Investments”), one of Canada’s largest pension investment managers, and Allianz Real Estate (“Allianz”), the global real estate investment and asset manager, today announced a joint venture to grow Chapter, London’s leading student accommodation brand. … 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. Headquartered in Charleston, South Carolina, with offices throughout the United States, Europe, Latin America, and Asia, Greystar manages approximately 415,000 units in over 140 markets globally, with an aggregate estimated value of approximately $80 billion. It’s also a great place to build a career.. Every day, our team members have the opportunity to work together in a vibrant culture with an entrepreneurial spirit that promotes and rewards innovative ideas. iQ Student Accommodation | Affordable Student Housing in the UK. Brookfield Asset Management Inc. and Greystar Real Estate Partners LLC are among suitors considering bids for U.K. student housing provider iQ Student Accommodation Ltd., … Global rental housing company Greystar has announced a joint venture partnership to acquire Spanish student accommodation provider Resa. 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 Blackstone has bought a £4.66bn (€5.53bn) UK student housing provider owned by Goldman Sachs and the Wellcome Trust. In 2015 Greystar entered the student housing sector in continental Europe with the purchase of Campus Diemen Zuid in the Netherlands. Xior Student Housing NV acquired the Zernike Tower, c.700 units in Groningen, and Greystar Real Estate Partners LLC acquired c.680 student accommodation units in Utrecht. Such alternative real estate assets also appeal to pension and sovereign wealth funds seeking properties that are less affected by the ups and downs of the economic cycle. iQ Student Accommodation is one of the largest providers of student accommodation in the UK, and owns and manages 66 student premises in 27 towns and cities. Sailmakers is a vibrant mixed-use development located in a prime location on the south quay of Canary Wharf. US property company Greystar, Singapore-based Mapletree and German real estate firm Patrizia are also said to be putting bids together. As the global provider of this type of housing, we’re naturally very excited to be securing a platform in the country and the opportunities this joint venture creates. IQ plans spring 2019 start date for Echo Street Demolition of Chandos House is due to start in the winter after developer IQ Student Accommodation secured planning consent to replace the building with nearly 500 co-living units across three towers of 25, 20, and 14 storeys. Initial bids must be in before Christmas, with offers expected to exceed £4bn. Dave was Greystar’s first employee in the UK when he joined in 2014 as Capital Projects Director to support the business’ launch and subsequent growth. 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. We’re delighted to acquire the company to add to Greystar’s growing European platform. The JV includes. The majority shareholders are the bank Goldman Sachs, and the charity Wellcome Trust.. History. The Resa acquisition consolidates Greystar’s position as one of the largest operators of student accommodation in Europe, developing and managing in the region of 40,000 student beds in the UK, Germany, the Netherlands and now Spain. AXA IM - Real Assets and CBRE GIP have acquired equal sized shares representing the substantial majority holding in the portfolio, while Greystar, who will act as property, development and asset manager for the portfolio, has bought the remaining balance. Greystar manages globally over 415,000 rental apartments and has been active in Europe’s multifamily and student accommodation market following its first European acquisition in 2013. IQ Student Accommodation is a British student housing company. The transaction is the largest ever private real estate transaction in the UK and subject to regulatory approvals. Joe Pemberton. Greystar Europe oversees nearly $4.6 billion in assets under management and owns nearly 30,210 units and student beds. Join to Connect Greystar Europe. Goldman Sachs, Wellcome Trust and Greystar have merged their UK student housing platforms to create Vero Group. After transferring to iQ Student Accommodation, he re-joined the business in 2018 to assist the UK Development team with due diligence activity for prospective deals. By making this selection, you will be redirected to the homepage of the chosen country. | Greystar Real Estate Partners. The company is an investor and operator of UK student brand Chapter and a shareholder in student accommodation provider iQ. Pinglocker proporciona una parte de los ingresos de alrededor del 7.5% generado por los servicios de inquilinos que ofrece a los clientes, lo que proporciona un incentivo financiero para los propietarios. Parts of the website may not work as expected without them. Our student accommodation is well-located and high quality, and provides the best home-from-home environment for 28,000 university students from all over the world. Northern Horizon seeds care home fund with €30m Danish asset AXA Investment Managers - Real Assets (“AXA IM - Real Assets”), acting on behalf of its clients, and CBRE Global Investment Partners (CBRE GIP), also. Greystar. iQ is proud to have been part of the higher education ecosystem for ten years - Reimagining the student accommodation experience and giving our residents their best year yet. Liam has 5 jobs listed on their profile. Data current as of 09/30/2020 28,000 students Providing the best home-from-home environment from which over 28,000 students can confidently make the most of the opportunities during their university years. Learn about working at Greystar Europe. Azora, Arta Capital, March Campus and Mutua Madrileña. We also have a growing multifamily business with 4,000 units operating or in development across London. Goldman Sachs, Wellcome Trust and Greystar launch new student housing company. With offices in London, Dublin, The Hague, Frankfurt, Barcelona, Paris, and Madrid, Greystar aligns local market expertise with the power of a global investment, development, and management platform. By clicking accept, you consent to our use of cookies. Joe Pemberton Senior Commercial Manager at OD-Group London. 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 Blackstone also among firms in early stages of preparing bids, Goldman-backed iQ also mulling an IPO in London next year. ABOUT CHAPTER . The company is an investor and operator of UK student brand Chapter and a shareholder in student accommodation provider iQ. Before that he worked in both property and equity markets for Prudential , ... with some of the UK’s largest PBSA owner-operators including iQ Students, Greystar, and UNITE. The deal, subject to obtaining the antitrust approval of the European Commission, is the largest investment transaction in student housing on the Iberian Peninsula. Global real estate investors are piling into student housing in Europe, lured by bigger returns than they can achieve from offices and warehouses where prices are near record highs. Greenford is the first residential scheme in the UK to be designed as a multifamily development from the outset. In late 2016, Greystar announced a partnership with Macquarie Capital for expansion in the Asia-Pacific region. He hopes that by attracting a wide mix of people, Greystar will be able to emulate what it has achieved in some of its UK student accommodation schemes such as the 1,000-unit Chapter scheme it operates in Spitalfields. It owns 66 halls of residence, with 28,000 bedrooms. Greystar manages globally over 415,000 rental apartments and has been active in Europe’s multifamily and student accommodation market following its first European acquisition in 2013. Blackstone Group Inc. is also planning to bid, said some of the people, who asked not to be identified because the details aren’t public. We use cookies to improve your browsing experience. Monday, September 18, 2017 Vero Group consolidates two of the UK's leading student accommodation brands; iQ, owned by the Wellcome Trust, and Prodigy Living, owned by Goldman Sachs and Greystar, into one company with a nationwide presence. The company is an investor and operator of UK student brand Chapter and a shareholder in … Global rental housing company Greystar has announced a joint venture partnership to acquire Spanish student accommodation provider Resa. U.S. developer Greystar already has a small stake in the U.K. student accommodation business and is interested in buying more of the firm, according to a person familiar with the matter. Goldman Sachs Merchant Banking Division and the Wellcome Trust have completed the sale of iQ Student Accommodation to Blackstone for €5.22bn (£4.66bn). Resa, managed by Azora since 2011, has experienced significant growth during this period, increasing from 26 to 37 residences, of which 33 are currently operating and the other four are under development. To read more about our policies click Privacy Policy . 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. 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 - … US property company Greystar, Singapore-based Mapletree and German real estate firm Patrizia are also said to be putting bids together. Chapter provides a unique living experience for students from across the globe. See who you know at Greystar Europe, leverage your professional network, and get hired. The company is an investor and operator of student brand Chapter and a shareholder in student accommodation provider iQ. - 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 - Hines - For sale - Blackstone 6,000 - CLV 12,000 COMPETITIVE LANDSCAPE MATURING Operational beds Commercial Director at Greystar Europe Accrington, England, United Kingdom 500+ connections. Resa provides us with a considerable presence on the Iberian Peninsula and we will be looking to identify other opportunities in the southern European region, focusing on large-scale student and multifamily rental housing projects.”. Julie Jones. The company is an investor and operator of UK student brand Chapter and a shareholder in student accommodation provider iQ. To learn more about Greystar, visit Greystar.com ABOUT CHAPTER London Student city guide to London With more than 20 universities and colleges, there's nowhere better to make the most of student … It owns 66 halls of residence, with 28,000 bedrooms. Brookfield Asset Management Inc. and Greystar Real Estate Partners LLC are among suitors considering bids for U.K. student housing provider iQ Student … The transaction is the largest ever private real estate transaction in the UK and subject to regulatory approvals. 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. In 2016, the Wellcome Trust merged its student accommodation business with Prodigy Living, owned by Goldman Sachs and Greystar Real Estate Partners, thereby founding the company. The majority shareholders are the bank Goldman Sachs, and the charity Wellcome Trust.. History. To learn more about Greystar, visit Greystar… 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. In 2016, the Wellcome Trust merged its student accommodation business with Prodigy Living, owned by Goldman Sachs and Greystar Real Estate Partners, thereby founding the company. Greystar, in tandem with Goldman Sachs and the Wellcome Trust, is a shareholder in student accommodation provider iQ, which provides housing for 23,500 students. Greystar offers a wide range of financing options (tax exempt bonds, equity, loans), so we can find a financing solution that aligns interests and can even help boost your university's credit rating. View Liam Maden’s profile on LinkedIn, the world’s largest professional community. Spain is presently one of Europe’s fastest growing economies with a serious shortage of purpose-built rental accommodation suitable for students and young professionals in the larger cities. 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. This website is for informational purposes only and does not constitute an offer, solicitation or recommendation to sell or an offer to purchase any securities, investment products or investment advisory services. To learn more about Greystar, visit Greystar.com. 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. Bidders circle IQ student housing. A rendering of the iQ Echo Street co-living and student housing facility in Manchester City. Piers Wehner 06/12/2019 Print. The new company consolidates two student accommodation brands: iQ, owned by the Wellcome Trust, and Prodigy Living, owned by Goldman Sachs and Greystar. “Acquiring well-established businesses or portfolios in local markets is core to our European city growth strategy. Join LinkedIn today for free. Brookfield Asset Management Inc. and Greystar Real Estate Partners LLC are among suitors considering bids for U.K. student housing provider iQ Student Accommodation Ltd., which could fetch about 4 billion pounds ($5.3 billion), according to people familiar with the matter. … Greystar Asia-Pac will be Greystar and Macquarie Capital’s exclusive platform in the rental residential sector in the Asia-Pacific region. The University of Salford ... Project Manager at iQ Student Accommodation Greater Manchester. Sky News reported Blackstone’s interest earlier Thursday. iQ is proud to have been part of the higher education ecosystem for ten years - Reimagining the student accommodation experience and giving our residents their best year yet. We also have a growing multifamily business with 4,000 units operating or in development across London. The company is an investor and operator of student brand Chapter and a shareholder in student accommodation provider iQ. Greystar owns and operates boutique student accommodation brand, Chapter, which provides premium student living in the best London locations. iQ’s owners have hired HSBC Holdings Plc and Citigroup Inc. to manage the IPO, with Panmure Gordon & Co. Ltd. and Peel Hunt as co-managers, Sky reported, citing sources it didn’t identify. Greystar was founded by Bob Faith in 1993 with the goal to become the leading, fully integrated, real estate company that specialises in the investment management, development and property management of rental housing. Greystar Media Enquiries: Chapter is a market leading student accommodation brand, providing premium student living in the best London locations. Vero Group created by combining iQ and Property Living. Read more about our unique new concept in student housing. 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%. Have a confidential tip for our reporters? See the complete profile on LinkedIn and … Chapter has 4,456 student beds across eight sites currently (Aldgate, Highbury, Islington, King’s Cross, Lewisham, Portobello, Spitalfields and Southbank). This website and the information set forth herein are current as of September 30, 2020 and are not intended to provide investment recommendations or advice. AXA IM - Real Assets and CBRE GIP have acquired equal sized shares representing the substantial majority holding in the portfolio, while Greystar, who will act as property, development and asset manager for the portfolio, has bought the remaining balance. 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. AXA IM - Real Assets and CBRE GIP were advised by Jones Day, KPMG and Cushman & Wakefield. Opt out of tracking sale attracted 11 bids for the LetterOne portfolio, with 28,000 bedrooms of Salford... Manager... 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