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Transactions - DECEMBER 9, 2019

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U.K. student housing group on the market with $5b sales price

by Andrea Zander

U.K. student accommodation company IQSA is possibly up for sale with a £4 billion ($5.3 billion) sales price, according to media outlets, citing people with familiar with the matter.

Bidders include Blackstone Group, Brookfield, Greystar, PATRIZIA, and Mapletree.

IQSA owns and operates 67 student accommodation sites in the United Kingdom, stretching from Dundee to Plymouth.

Goldman Sachs owns 70 percent of IQSA and the Wellcome Trust, which invests to fund its research activities, owns 28 percent. The student housing group is still seriously considering an initial public offering, reported the Financial Times.

 

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