The transaction is the largest ever private real estate transaction in the UK and subject to regulatory approvals. iQ is one of the UK’s leading providers of Purpose Built Student Accommodation. 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. Discover Thomson Reuters. The iQ deal follows media reports on Tuesday that Blackstone will use money from a $14 billion Saudi-backed infrastructure fund to invest in Britain. iQ Student Accommodation operates 67 student accommodation assets in the UK, with 80% of its residences in locations that house Russell Group universities. 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 By. Commenting on the deal, James Seppala, Blackstone's … The majority shareholders are the bank Goldman Sachs, and the charity Wellcome Trust.. History. The purchase of iQ Student Accommodation is the largest-ever private real estate deal in the U.K. Ben Dummett. 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. Find out more. 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. Reuters . Brookfield Asset Management Inc. and Greystar Real Estate Partners LLC are among suitors considering bids for U.K. student housing provider iQ Student Accommodation … Blackstone to buy iQ for £4.7bn. 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%. Tweet. Thursday February 27, 2020 5:05 pm. 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 … Formed in 2006 with Wellcome as a founding investor, iQ is one of the UK’s leading providers of purpose built student accommodation. Financial Government Solutions Legal Reuters News Agency Risk Management Solutions Tax & Accounting Blog: Answers On Innovation @ Thomson Reuters Goldman Sachs Merchant Banking Division and the Wellcome Trust have completed the sale of iQ Student Accommodation to Blackstone for €5.22bn (£4.66bn). 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. Property investment giant Blackstone is contemplating a £4.0bn takeover for IQ Student Accommodation (IQSA), according to a Sky News report on Thursday. Share. 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 Blackstone to buy British student housing group iQ for $6 billion 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. Private equity giant Blackstone is reportedly mulling a £4bn swoop on one of Britain’s largest student property developers. 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). 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 . IQ Student Accommodation is a British student housing company. Blackstone to buy British student housing group iQ for $6.06 bln. Blackstone has bought a £4.66bn (€5.53bn) UK student housing provider owned by Goldman Sachs and the Wellcome Trust. Private equity giant Blackstone has snapped up a student housing firm for £4.7billion in one of the UK's biggest ever property deals. Blackstone to Buy British Student Housing Group IQ for $6 Billion . US buyout firm Blackstone rumoured to be preparing a £4bn offer for IQ Student Accommodation. Feb 26 (Reuters) - Goldman Sachs' … Goldman Sachs' merchant banking unit and medical charity Wellcome Trust have agreed to sell the British student accommodation company iQ to Blackstone … Blackstone Group Inc. agreed to buy the iQ Student Accommodation business from Goldman Sachs Group Inc. and the Wellcome Trust in the largest-ever private real estate deal in the U.K. By Daily Mail City & Finance Reporter. IQ Student Accommodations owns and operates 67 sites in 27 towns and cities in the UK. Share. Reblog. Blackstone Group agreed to buy the iQ Student Accommodation business from Goldman Sachs Group and the Wellcome Trust in the largest-ever private real estate deal in the UK. 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. 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. February 26, 2020. It was formed in 2006 with Wellcome as … 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 … More. Blackstone acquires UK’s IQ Student Accommodation for £4.66bn Acquisition comes as early signs point to revival in European dealmaking. iQ is one of the UK’s leading providers of Purpose Built Student Accommodation. 15 from £0 pw. Blackstone has agreed to buy the British student housing company IQ from Goldman Sachs in a £4.7bn deal. It owns 66 halls of residence, with 28,000 bedrooms. The purchase of iQ Student Accommodation is the largest-ever private real estate deal in the U.K. Monday 25th September, London: The Blackstone Group announces the development of a brand new first class student living concept.