More UK Student Housing for GIC
UPDATE: October 5, 2016
Days after the GIC and GSA announced their partnership, the venture has acquired a student accommodation portfolio of around 1,000 student beds in Frankfurt, Darmstadt, Munster and Dresden. In addition, the venture is planning on committing money to build a pipeline of an additional 1,500 students beds across Germany. Advisers on the German transaction were Nabarro, Freshfields, Osborne Clark and PWC.
Singapore’s GIC Private Limited and student housing operator GSA, in a partnership, bought a large U.K. student housing portfolio, which has 7,150 beds, from Oaktree Capital Management, L.P. for about for around £700 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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