On May 15, 2020, Jones Day clients Goldman Sachs Merchant Banking Division and the Wellcome Trust completed the sale of iQ Student Accommodation to Blackstone for £4.66 billion (US$5.73 billion), representing the largest ever private real estate transaction in the UK. iQ's portfolio is concentrated in London - where it is the largest owner of student accommodation - and also Manchester, Leeds, Sheffield, Edinburgh and … Private equity giant Blackstone is reportedly mulling a £4bn swoop on one of Britain’s largest student property developers. Blackstone and Brookfield are among five potential bidders circling IQ, a UK student accommodation company, in a deal that may be worth more than £4bn, people briefed on the matter said. iQ is one of the UK’s leading providers of Purpose Built Student Accommodation. Blackstone is returning to the student accommodation market with its purchase of iQ which owns and operates 67 student housing blocks comprising more than 28,000 beds in 27 UK cities . May 2020 | DEALFRONT ... Goldman Sachs Merchant Banking Division and the Wellcome Trust is to sell iQ Student Accommodation to global investment and advisory firm Blackstone for £4.7bn. More. Thursday February 27, 2020 5:05 pm. 15 from £0 pw. US buyout firm Blackstone rumoured to be preparing a £4bn offer for IQ Student Accommodation. Financial Government Solutions Legal Reuters News Agency Risk Management Solutions Tax & Accounting Blog: Answers On Innovation @ Thomson Reuters Ben Dummett. Blackstone acquires UK’s IQ Student Accommodation for £4.66bn Acquisition comes as early signs point to revival in European dealmaking. Property investment giant Blackstone is contemplating a £4.0bn takeover for IQ Student Accommodation (IQSA), according to a Sky News report on Thursday. Blackstone to buy British student housing group iQ for $6.06 bln. Share. IQ Student Accommodations owns and operates 67 sites in 27 towns and cities in the UK. 02/26/2020 Comments Off on Blackstone to buy British student housing group iQ for $6 billion (Reuters) – Goldman Sachs’ ( GS.N ) merchant banking unit and medical charity Wellcome Trust have agreed to sell here the British student accommodation company iQ to Blackstone ( BX.N ) for 4.66 billion pounds ($6.06 billion), the companies said. By Daily Mail City & Finance Reporter. Based on the strong activity recorded since the beginning of the year, we expect the investment volume to reach €6.5bn at the end of the quarter and to exceed the €11bn threshold at year-end. Blackstone Group L.P $59.80 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 purchase of iQ Student Accommodation is the largest-ever private real estate deal in the U.K. February 26, 2020. Goldman Sachs Merchant Banking Division and the Wellcome Trust have completed the sale of iQ Student Accommodation to Blackstone for €5.22bn (£4.66bn). 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. iQ Student Accommodation | Affordable Student Housing in the UK ... Our student accommodation is found in locations around the capital, from Bloomsbury to Hammersmith and right by the River Thames. Formed in 2006 with Wellcome as a founding investor, iQ is one of the UK’s leading providers of purpose built student accommodation. Monday 25th September, London: The Blackstone Group announces the development of a brand new first class student living concept. It owns 66 halls of residence, with 28,000 bedrooms. Blackstone confirms £4.66bn iQ buy By Jessica Newman 2020-05-15T15:24:00 Goldman Sachs Merchant Banking Division and the Wellcome Trust have completed the £4.66bn sale of iQ Student Accommodation company In 1990 universities housed 44% of their students against 21.5% today, leaving private sector companies such as Blackstone, Unite and Barclays Capital to plug the gap Tweet. 2020 got off to a flying start with Blackstone’s recent acquisition of the iQ student housing portfolio (UK) from Goldman Sachs and Wellcome for £4.7bn (€5.4bn). Feb 26 (Reuters) - Goldman Sachs' … Assuming the deal gets regulatory approval, Blackstone will buy the business from Goldman, which owns 70%, and the medical research charity the Wellcome Trust which owns 28%. Reblog. 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