With an investment of over £95 million, The Blackstone Group is unveiling the Group’s first major student housing development, Nido London’ located on Pentonville Road in King’s Cross as part of the King’s Cross redevelopment programme and next to the Eurostar Terminal, London’s new gateway to Europe, due for opening in Spring 2007. The … The majority shareholders are the bank Goldman Sachs, and the … IQ Student Accommodation is a British student housing company. I’d like to thank Goldman Sachs and Wellcome, whose support has allowed iQ to grow into the world-class business it is today; with a market-leading portfolio concentrated in those cities of strongest student demand, and a unique student accommodation experience that sets us apart. IQ Student Accommodation operates 66 sites in 27 locations, with its most recent development has just opened in Glasgow City Centre. © 2020 Guardian News & Media Limited or its affiliated companies. Kirkland & Ellis advised Blackstone on their £4.66 billion acquisition of IQ Student Accommodation from Goldman Sachs and the Wellcome Trust. UK’s largest private property deal agreed as Goldman Sachs and Wellcome move out, Wed 26 Feb 2020 18.43 GMT With student numbers in the UK at an all-time high, and growth set to continue in the coming years, there has never been a more exciting time to be a leading player in the student accommodation sector.”. We want to give students peace of mind by creating safe, comfortable environments. Goldman Sachs Merchant Banking Division (“Goldman Sachs”) and the Wellcome Trust (“Wellcome”) today announced the sale of iQ Student Accommodation (“iQ”) to Blackstone for £4.66 billion. ”The transaction is the largest ever private real estate transaction in the UK and subject to regulatory approvals,” said the companies in a statement. American buyout firm Blackstone is believed to be considering making an offer worth up to £4billion for university housing provider IQ Student Accommodation. Goldman Sachs Merchant Banking Division (Goldman Sachs) and the Wellcome Trust (Wellcome) have agreed to sell iQ Student Accommodation (iQ) to Blackstone for £4.66 billion. 26th February 2020, London – Goldman Sachs Merchant Banking Division (“Goldman Sachs”) and the Wellcome Trust (“Wellcome”) today announced the sale of iQ Student Accommodation (“iQ”) to Blackstone for £4.66 billion. The company’s focus on customer service and continued investment in the platform has enabled iQ to become a leader in the sector and provide an outstanding experience to students. More than half of the company’s portfolio is in London, where iQ is the largest owner of student accommodation. T: +44 7778 487939 Rob Roger, CEO of iQ Student Accommodation, said: “I am delighted to be working with a partner of Blackstone’s calibre, as we continue to deliver our ambitious growth plans. iQ is one of the UK’s leading providers of Purpose Built Student Accommodation. 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. Blackstone’s real estate business was founded in 1991 and has $163 billion of investor capital under management. Bank of America and Citi served as financial advisors and Savills served as property adviser to Blackstone and Kirkland & Ellis and Gowling WLG served as legal counsel. A further 114,000 beds are in the pipeline. If you're living in a residence provided through IQ Student Accommodation there is some good news; you automatically have access to a range of resident concierge services. The US company is buying London-based IQ … Founded in 2007, IQ Student Wellcome’s mission is funded solely from its. Founded in 1869, The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm. I’d like to thank Goldman Sachs and Wellcome, whose support has allowed iQ to grow into the world-class business it is today; with a market-leading portfolio concentrated in those cities of strongest student demand, and a unique student accommodation experience that sets us apart. Peter Pereira Gray, CEO and Managing Partner, Investment Division, Wellcome, said: James Seppala, Head of Real Estate Europe at Blackstone, said: iQ is one of the leading providers of private purpose-built student accommodation in the UK, and owns and operates 67 student premises in 27 towns and cities. In May, Blackstone acquired iQ Student Accommodation in a £4.66 billion deal. Blackstone has paid £4.7bn for student accommodation company IQ in Britain’s largest private real estate deal as it continues a post-election spending spree. Companies own and operate 18% of purpose-built student accommodation currently, while universities account for a further 18% and private rentals make up 42%. The transaction is the largest ever private real estate transaction in the UK and subject to regulatory approvals. iQ’s integrated operating platform combines a market leading focus on customer service and digital innovation, with continuing investment in its high-quality accommodation portfolio. High rent bills have led to student rent strikes in the past. Sky News has learnt that Blackstone is exploring the prospect of submitting an indicative offer for IQ Student Accommodation ahead of a deadline later this month. About Goldman Sachs Merchant Banking Division. Richard Spencer, Managing Director at Goldman Sachs, said: “Over the course of our ownership, iQ has become the UK’s leading provider of high-quality student accommodation. The number of full-time students in the UK has reached a record level. Acquiring Organization: Blackstone Group Blackstone is an investment and advisory firm providing solutions that create value for investors and clients. Wellcome’s mission is funded solely from its global, diverse portfolio designed to exist in perpetuity. At iQ, rents start at £75 a week in Bradford, and £195 a week in London. In the past decade, iQ Student Accommodation has provided accommodation to more than 28,000 students in 67 sites across 27 UK cities. Our student accommodation is well-located – with 84% of our portfolio value in Russell Group cities and 52% in London - and high quality, providing the best home-from-home environment for 28,000 university students from all over the world. We have staff and security teams at each residence, on hand and on-site 24/7. Blackstone has struck the largest-ever private property deal in the UK by agreeing to acquire the UK student accommodation firm iQ in a £4.7bn deal. It was formed in 2006 with Wellcome as one of the founding investors, and merged with Goldman Sachs' student housing business in 2016. IQSA owns and operates 67 student accommodation sites in the UK, stretching from Dundee to Plymouth. Blackstone has agreed to buy IQ Student Accommodation from Goldman Sachs for £4.7bn, in the UK’s largest private real estate transaction. Available for everyone, funded by readers. Blackstone is one of the largest property owners in the world, owning and operating assets across every major geography and sector, including logistics, rental housing, office, hospitality and retail. It owns 66 halls of residence, with 28,000 bedrooms. UPDATE: 15th May 2020 – We can confirm the completion of the sale of iQ by Goldman Sachs Merchant Banking Division and the Wellcome Trust to Blackstone. The property firm is one of the main players in the rapidly growing UK student housing market. Wellcome exists to improve health by helping great ideas to thrive, and is a politically and financially independent foundation. The first Nido tower, with 1,000 beds, was opened that year in King’s Cross, London, followed in 2010 by a 33-floor tower in Spitalfields, east London with a 24-hour gym and a pizza vending machine. Over this time, including most recently in partnership with Goldman Sachs, iQ has grown to become one of the best student housing companies in the UK. The firm was formed in 2006 with Wellcome as one of the founding investors, and merged with Goldman Sachs’ student housing business in 2016. iQ is one of the UK’s leading providers of Purpose Built Student Accommodation. Goldman Sachs Merchant Banking Division and the Wellcome Trust have completed the sale of iQ Student Accommodation to Blackstone for €5.22bn (£4.66bn). It has net investment assets of over £26 billion as at 30 September 2019. Blackstone is one of the largest property owners in the world, owning and operating assets across every major geography and sector, including logistics, rental housing, office, hospitality and retail. With student numbers in the UK at an all-time high, and growth set to continue in the coming years, there has never been a more exciting time to be a leading player in the student accommodation sector.”, Richard Spencer, Managing Director at Goldman Sachs, said: “Over the course of our ownership, iQ has become the UK’s leading provider of high-quality student accommodation. 27 towns and cities in the past investing activity transaction alone is worth more than of. 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