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Sign in Sign up for a FREE subscriptionGreystar announces strategic partnership of up to €2.6b with ADIA
Greystar Real Estate Partners has announced a new strategic partnership with a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) of up to £2.2 billion (€2.59 billion/$2.9 billion) to develop build-to-rent housing in London and its surrounding commuter towns.
The growth strategy will focus on delivering new assets through ground-up development leveraging Greystar’s extensive experience and track record in the market. Since launching its U.K. business in 2013, Greystar has executed more than £8 billion (€9.4 billion/$10.7 billion) in transaction activity in the market. The strategic partnership will be supported by Greystar’s extensive pipeline and an operating platform of more than 700 team members across Europe.
The strategic partnership is targeting a development pipeline of approximately £1.8 billion (€2.1 billion/$2.4 billion) in total capitalization and equity commitments of up to £750 million (€883 million/$1 billion) between t