26th February 2020, London – Goldman Sachs Merchant Banking Division (“Goldman Sachs”) and the Wellcome Trust (“Wellcome”) today announced the sale of iQ Student Accommodation (“iQ”) to Blackstone for £4.66 billion. It has net investment assets of over £26 billion as at 30 September 2019. High rent bills have led to student rent strikes in the past. iQ’s portfolio of purpose-built assets is concentrated in London, where iQ is the largest owner of student accommodation, and other leading U.K. university cities - Manchester, Leeds, Sheffield, Edinburgh and Birmingham. US-based private equity group Blackstone has agreed to buy IQ Student Accommodation, which is owned by Goldman Sachs, for £4.7bn in one of the … We want to give students peace of mind by creating safe, comfortable environments. Goldman Sachs Merchant Banking Division (“Goldman Sachs”) and the Wellcome Trust (“Wellcome”) today announced the sale of iQ Student Accommodation (“iQ”) to Blackstone for £4.66 billion. Investors such as private equity firms and Goldman have been piling into purpose-built student housing in recent years, as demand continues to outstrip the number of beds provided by 30%. E: [email protected], Blackstone Press ContactsRamesh ChhabraT: +44 7810 501027E: [email protected]om, Alex Ritterman Available for everyone, funded by readers. We have staff and security teams at each residence, on hand and on-site 24/7. The … Despite the increased investment, there were fewer than 650,000 student accommodation beds for 1.8 million undergraduates and postgraduates in the UK last year. American buyout firm Blackstone is believed to be considering making an offer worth up to £4billion for university housing provider IQ Student Accommodation. global, diverse portfolio designed to exist in perpetuity. All rights reserved. It was formed in 2006 with Wellcome as one of the founding investors, and merged with Goldman Sachs' student housing business in 2016. © 2020 Guardian News & Media Limited or its affiliated companies. Goldman Sachs Press ContactsJoseph Stein About Blackstone Real EstateBlackstone is a global leader in real estate investing. IQ Student Services provides everyday services for residents living in IQ Student Accommodation properties across the UK. It has net investment assets of over £26 billion as at 30 September 2019. Blackstone Group Inc. agreed Wednesday to acquire IQ Student Accommodation from a group led by Goldman Sachs Group Inc. for £4.66 billion … iQ Student Accommodation | Affordable Student Housing in the UK London Student city guide to London With more than 20 universities and colleges, there's nowhere better to make the most of student … 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. iQ is one of the UK’s leading providers of Purpose Built Student Accommodation. Blackstone is betting big on Britain’s property market. Some of the iQ accommodation being built is vastly different from traditional student halls and includes studio flats or en-suite rooms, fast broadband, on-site gyms and cinemas. Last modified on Thu 27 Feb 2020 13.03 GMT. IQSA owns and operates 67 student accommodation sites in the UK, stretching from Dundee to Plymouth. Acquiring Organization: Blackstone Group Blackstone is an investment and advisory firm providing solutions that create value for investors and clients. The US company is buying London-based IQ … El fondo de inversión Blackstone ha llegado a un acuerdo con Goldman Sachs y Wellcome Trust para comprar IQ Student Accommodation por 4.660 … Rob Roger, CEO of iQ Student Accommodation, said: “I am delighted to be working with a partner of Blackstone’s calibre, as we continue to deliver our ambitious growth plans. I am confident iQ will continue to deliver an excellent experience for its customers under new ownership.”, James Seppala, Head of Real Estate Europe at Blackstone, said: “This acquisition is a continuation of our strategy to invest in high-quality assets and businesses in the U.K. and testament to our long-term belief in the UK. With student numbers in the UK at an all-time high, and growth set to continue in the coming years, there has never been a more exciting time to be a leading player in the student accommodation sector.”. Blackstone has bought a £4.66bn (€5.53bn) UK student housing provider owned by Goldman Sachs and the Wellcome Trust. This is projected to grow by a further 461,000 by 2030 to more than 2.2 million, with international students expected to make up 45% of the total. Private investment management company Blackstone acquired the accommodation provider in February in a reported £4.7bn deal . The world’s largest property investor is weighing a £4bn takeover bid for a major British student housing provider as its owners plot a sale or stock market listing in 2020. If you're living in a residence provided through IQ Student Accommodation there is some good news; you automatically have access to a range of resident concierge services. Nido was sold to the property firm Round Hill Capital six years later. The first Nido tower, with 1,000 beds, was opened that year in King’s Cross, London, followed in 2010 by a 33-floor tower in Spitalfields, east London with a 24-hour gym and a pizza vending machine. IQ Student Accommodation IQ Student Accommodation is a student housing company that offers a range of semester contracts.
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