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. Websites are required by law to gain your consent before applying cookies. 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. 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. Bidders circle IQ student housing. 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. 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 is a market leading student accommodation brand, providing premium student living in the best London locations. The company will continue to operate under the Resa brand with Greystar assuming responsibility for overall management. The company is an investor and operator of student brand Chapter and a shareholder in student accommodation provider iQ. 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. 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. To learn more about Greystar, visit Greystar.com. - 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 We also have a growing multifamily business with 4,000 units operating or in development across London. Azora, Arta Capital, March Campus and Mutua Madrileña. 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. 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. The company is an investor and operator of student brand Chapter and a shareholder in student accommodation provider iQ. 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. By clicking close, you opt out of tracking. 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. 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 Student Accommodation is a British student housing company. Greystar Media Enquiries: Before it's here, it's on the Bloomberg Terminal. 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. Goldman Sachs, Wellcome Trust and Greystar launch new student housing company. 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. 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 Accommodation Ltd., which could fetch about 4 billion pounds ($5.3 billion), according to people familiar with the matter. The company is an investor and operator of UK student brand Chapter and a shareholder in … 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. 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. 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 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. We also have a growing multifamily business with 4,000 units operating or in development across London. 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. We are also very pleased to be working alongside these new partners, two globally renowned asset and investment management businesses, for the first time.”. He launched the iQ student platform for Quintain PLC in 2005 where he ran that award winning business until its sale in 2014. 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.”. 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. US property company Greystar, Singapore-based Mapletree and German real estate firm Patrizia are also said to be putting bids together. Sailmakers is a vibrant mixed-use development located in a prime location on the south quay of Canary Wharf. “The energy is amazing. 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. 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. ABOUT CHAPTER . iQ Student Accommodation | Affordable Student Housing in the UK. Joe Pemberton Senior Commercial Manager at OD-Group London. 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. 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. 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. Global rental housing company Greystar has announced a joint venture partnership to acquire Spanish student accommodation provider Resa. 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., … To learn more about Greystar, visit Greystar… 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. 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 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. For more information on Greystar, please contact Paul Browne at TwoBlue Communications on, t: 020 8870 0367 or e-mail: paul@tbcpr.com. 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. Initial bids must be in before Christmas, with offers expected to exceed £4bn. Goldman Sachs Merchant Banking Division and the Wellcome Trust have completed the sale of iQ Student Accommodation to Blackstone for €5.22bn (£4.66bn). The company is an investor and operator of UK student brand Chapter and a shareholder in student accommodation provider iQ. 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. US property company Greystar, Singapore-based Mapletree and German real estate firm Patrizia are also said to be putting bids together. 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. We use cookies to improve your browsing experience. Chapter has 4,456 student beds across eight sites currently (Aldgate, Highbury, Islington, King’s Cross, Lewisham, Portobello, Spitalfields and Southbank). Data current as of 09/30/2020 Greystar’s multifamily pipeline includes Greenford in West London and Sailmakers in Canary Wharf. The 20.3-acre site will provide 1,439 rental homes and 526 homes for sale. Greystar TM is the global leader in multifamily real estate, offering expertise in property management, investment management, and development and construction of rental housing. See who you know at Greystar Europe, leverage your professional network, and get hired. 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. The company is an investor and operator of UK student brand Chapter and a shareholder in student accommodation provider iQ. 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. 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. Global rental housing company Greystar has announced a joint venture partnership to acquire Spanish student accommodation provider Resa. 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. Greystar is known for innovative solutions, financing, and design as well as quality, long-lasting construction, sustainable buildings, and successful management programs for our communities. Blackstone has bought a £4.66bn (€5.53bn) UK student housing provider owned by Goldman Sachs and the Wellcome Trust. Goldman Sachs Merchant Banking Division and the Wellcome Trust have completed the sale of iQ Student Accommodation to Blackstone for €5.22bn (£4.66bn). See the complete profile on LinkedIn and … iQ was formed after Wellcome Trust merged its student accommodation business with Prodigy Living, owned by Greystar and Goldman. Julie Jones. 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. 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. 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 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. 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. 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. Have a confidential tip for our reporters? Chapter provides student accommodation in the best London locations for UK and International students. Vero Group created by combining iQ and Property Living. 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. By making this selection, you will be redirected to the homepage of the chosen country. Northern Horizon seeds care home fund with €30m Danish asset It owns 66 halls of residence, with 28,000 bedrooms. Blackstone also among firms in early stages of preparing bids, Goldman-backed iQ also mulling an IPO in London next year. The majority shareholders are the bank Goldman Sachs, and the charity Wellcome Trust.. History. Greystar owns and operates boutique student accommodation brand, Chapter, which provides premium student living in the best London locations. The JV includes. A rendering of the iQ Echo Street co-living and student housing facility in Manchester City. Since entering the UK market in 2013, Greystar has built up a property portfolio worth £4.5 billion, representing over 32,000 units and comprising both student housing and multifamily rental accommodation. Brookfield Asset Management Inc. and Greystar Real Estate Partners LLC are among suitors considering bids for U.K. student housing provider iQ Student … 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. London Student city guide to London With more than 20 universities and colleges, there's nowhere better to make the most of student … 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. 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. The company is an investor and operator of UK student brand Chapter and a shareholder in student accommodation provider iQ. 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. … 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. Parts of the website may not work as expected without them. “Acquiring well-established businesses or portfolios in local markets is core to our European city growth strategy. AXA Investment Managers - Real Assets (“AXA IM - Real Assets”), acting on behalf of its clients, and CBRE Global Investment Partners (CBRE GIP), also. By clicking accept, you consent to our use of cookies. The new company consolidates two student accommodation brands: iQ, owned by the Wellcome Trust, and Prodigy Living, owned by Goldman Sachs and 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. 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. 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 - … AXA IM - Real Assets and CBRE GIP were advised by Jones Day, KPMG and Cushman & Wakefield. Goldman Sachs and Wellcome Trust's iQ Student Accommodation have snapped up Pure Student Living for £870 million. Greystar manages over 420,000 rental apartments globally and has been active in Europe’s multifamily and student accommodation market following its first European acquisition in 2013. Sky News reported Blackstone’s interest earlier Thursday. 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. View Liam Maden’s profile on LinkedIn, the world’s largest professional community. 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 saw off competition from Urbanest with Unite, Europa Capital, and PSP with Greystar. 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. 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. Learn about working at Greystar Europe. Chapter provides a unique living experience for students from across the globe. Greystar Europe oversees nearly $4.6 billion in assets under management and owns nearly 30,210 units and student beds. 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. In late 2016, Greystar announced a partnership with Macquarie Capital for expansion in the Asia-Pacific region. The majority shareholders are the bank Goldman Sachs, and the charity Wellcome Trust.. History. 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. The transaction is the largest ever private real estate transaction in the UK and subject to regulatory approvals. The company is an investor and operator of student brand Chapter and a shareholder in student accommodation provider iQ. Liam has 5 jobs listed on their profile. Greenford is the first residential scheme in the UK to be designed as a multifamily development from the outset. 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. The sale attracted 11 bids for the LetterOne portfolio, with the transaction completing around 10% higher than expected. Piers Wehner 06/12/2019 Print. Greystar Asia-Pac will be Greystar and Macquarie Capital’s exclusive platform in the rental residential sector in the Asia-Pacific region. Goldman Sachs, Wellcome Trust and Greystar have formed a joint venture to launch a new student housing company, Vero Group, it was announced today. Join to Connect Greystar Europe. Joe Pemberton. 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. | Greystar Real Estate Partners. 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. Join LinkedIn today for free. Adds Greystar as potential bidder in first paragraph. The University of Salford ... Project Manager at iQ Student Accommodation Greater Manchester. In 2015 Greystar entered the student housing sector in continental Europe with the purchase of Campus Diemen Zuid in the Netherlands. Commercial Director at Greystar Europe Accrington, England, United Kingdom 500+ connections. To learn more about Greystar, visit Greystar.com ABOUT CHAPTER The development will provide 327 multifamily apartments and 15,000 square feet of amenities. … The deal, subject to obtaining the antitrust approval of the European Commission, is the largest investment transaction in student housing on the Iberian Peninsula. AXA IM - Real Assets and CBRE GIP were advised by Jones Day, KPMG and Cushman & Wakefield. Monday, September 18, 2017 It owns 66 halls of residence, with 28,000 bedrooms. The company is an investor and operator of student brand Chapter and a shareholder in student accommodation provider iQ. We’re delighted to acquire the company to add to Greystar’s growing European platform. IQ Student Accommodation is a British student housing company. student beds in two different platforms — Chapter Student Living in Central London and IQ Student Accommodation, where Grey-star is a shareholder. To read more about our policies click Privacy Policy . 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%. Los clientes actuales más importantes incluyen a JLL, Savills, Greystar y IQ Student Living, que han instalado Pinglockers en algunos de sus desarrollos residenciales.