Investors - JUNE 21, 2022

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GIC and APG acquire a substantial stake in The Student Hotel

by Andrea Zander

Singapore’s sovereign wealth fund GIC and Dutch pension fund APG have acquired a substantial stake in The Student Hotel (TSH), hybrid hospitality firm.

The transaction values TSH, including assets currently under development, at €2.1 billion ($2.2 billion).

The deal increases the stake of APG, which first invested in TSH in 2015. GIC joins as a new investor.

“The Student Hotel’s hybrid hospitality model is unique. Anchored by purpose-built student accommodation that appeals to the student demographic, yet still catering to both business and leisure uses, this flexibility enables TSH to capture opportunities as demand patterns fluctuate throughout the year. We look forward to partnering with TSH and APG to generate more value-add over the long term,” said Tracy Stroh, Region Head of Europe, Real Estate, GIC.

TSH combines student accommodation, hotel, extended stay rooms, co-working facilities, meeting and event spaces, restaurants, bars, and gyms

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