Vero Group created by combining iQ and Property Living. ABOUT CHAPTER . 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. Azora, Arta Capital, March Campus and Mutua Madrileña. 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 student brand Chapter and a shareholder in student accommodation provider iQ. Join to Connect Greystar Europe. 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. 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. We also have a growing multifamily business with 4,000 units operating or in development across London. Join LinkedIn today for free. Greystar Media Enquiries: US property company Greystar, Singapore-based Mapletree and German real estate firm Patrizia are also said to be putting bids together. 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 … 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. 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. Blackstone has bought a £4.66bn (€5.53bn) UK student housing provider owned by Goldman Sachs and the Wellcome Trust. Greystar acquires student accommodation complex in Utrecht, The Netherlands, from KKR for €98.5M, Modern Living Solutions Purchases Modular Facility in Northwest Pennsylvania to Develop Luxury Bathroom Modules, Project Destined, Walker & Dunlop, and Greystar Launch Innovative Internship Program for Underserved Students in Middle School, High School, and University, Urban household growth in Europe is now three times the rate of population growth, says Greystar, Greystar, AXA IM - Real Assets & CBRE GI acquire Spanish student accommodation portfolio from Urbania. iQ Student Accommodation | Affordable Student Housing in the UK. To learn more about Greystar, visit Greystar… 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. Chapter has 4,456 student beds across eight sites currently (Aldgate, Highbury, Islington, King’s Cross, Lewisham, Portobello, Spitalfields and Southbank). Greystar. He launched the iQ student platform for Quintain PLC in 2005 where he ran that award winning business until its sale in 2014. We also have a growing multifamily business with 4,000 units operating or in development across London. 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 Asia-Pac will be Greystar and Macquarie Capital’s exclusive platform in the rental residential sector in the Asia-Pacific region. Data current as of 09/30/2020 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. … The company is an investor and operator of UK student brand Chapter and a shareholder in … 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. 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. Commenting on the acquisition, Laurent Lavergne, Head of Separate Accounts at AXA IM - Real Assets said: “This transaction provides us with a rare opportunity to acquire, on behalf of our clients, a large scale and extremely high quality portfolio of student accommodation, which is also managed by Spain’s leading halls of residence operator – Resa. The company is an investor and operator of student brand Chapter and a shareholder in student accommodation provider iQ. 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. 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. The University of Salford ... Project Manager at iQ Student Accommodation Greater Manchester. 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. Brookfield Asset Management Inc. and Greystar Real Estate Partners LLC are among suitors considering bids for U.K. student housing provider iQ Student … 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. Learn about working at Greystar Europe. Global rental housing company Greystar has announced a joint venture partnership to acquire Spanish student accommodation provider Resa. 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. Greenford is the first residential scheme in the UK to be designed as a multifamily development from the outset. 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. Los clientes actuales más importantes incluyen a JLL, Savills, Greystar y IQ Student Living, que han instalado Pinglockers en algunos de sus desarrollos residenciales. 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. With the experience of our rich history, along with our creative, innovative team members and our deep financial capacity, Greystar truly delivers quality student housing solutions for all. 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 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. AXA IM - Real Assets and CBRE GIP were advised by Jones Day, KPMG and Cushman & Wakefield. Goldman Sachs Merchant Banking Division and the Wellcome Trust have completed the sale of iQ Student Accommodation to Blackstone for €5.22bn (£4.66bn). By clicking accept, you consent to our use of cookies. The company is an investor and operator of 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. For more information on Greystar, please contact Paul Browne at TwoBlue Communications on, t: 020 8870 0367 or e-mail: paul@tbcpr.com. 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. Goldman Sachs, Wellcome Trust and Greystar launch new student housing company. IQ Student Accommodation is a British student housing company. 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. The company will continue to operate under the Resa brand with Greystar assuming responsibility for overall management. Goldman Sachs and Wellcome Trust's iQ Student Accommodation have snapped up Pure Student Living for £870 million. Greystar Europe oversees nearly $4.6 billion in assets under management and owns nearly 30,210 units and student beds. In 2015 Greystar entered the student housing sector in continental Europe with the purchase of Campus Diemen Zuid in the Netherlands. Goldman Sachs, Wellcome Trust and Greystar have formed a joint venture to launch a new student housing company, Vero Group, it was announced today. The majority shareholders are the bank Goldman Sachs, and the charity Wellcome Trust.. History. 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. Sky News reported Blackstone’s interest earlier Thursday. The vendors are Azora, Arta Capital, March Campus and Mutua Madrileña. 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. 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. Joe Pemberton. 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. Joe Pemberton Senior Commercial Manager at OD-Group London. In late 2016, Greystar announced a partnership with Macquarie Capital for expansion in the Asia-Pacific region. With our exclusive membership system, residents have access to all of our locations across London, their amenities and calendar of amazing events, enabling them to build a city-wide community of friends and contacts. The deal, subject to obtaining the antitrust approval of the European Commission, is the largest investment transaction in student housing on the Iberian Peninsula. It owns 66 halls of residence, with 28,000 bedrooms. 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. Goldman Sachs, Wellcome Trust and Greystar have merged their UK student housing platforms to create Vero Group. - 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 The company is an investor and operator of student brand Chapter and a shareholder in student accommodation provider iQ. 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. The 20.3-acre site will provide 1,439 rental homes and 526 homes for sale. AXA IM - Real Assets and CBRE GIP were advised by Jones Day, KPMG and Cushman & Wakefield. 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. | Greystar Real Estate Partners. Websites are required by law to gain your consent before applying cookies. 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. The development will provide 327 multifamily apartments and 15,000 square feet of amenities. 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