Announced
Financials
Sources
Tags
Private Equity
Majority
Acquisition
Friendly
Cross Border
Real Estate Services
student accommodation
Private
Single Bidder
Spain
Pending
Synopsis
PGGM, an asset manager, agreed to acquire RESA, a student accommodation group, from investors Greystar Real Estate, AXA Investment Managers and CBRE. Financial terms were not disclosed. “RESA is Spain’s leading student accommodation portfolio, with more than 30 years of track-record, an excellent management team in place and considerable growth potential in one of Europe’s most undersupplied student housing markets. It will provide stable and inflation-linked returns to our clients like pension fund PFZW," Stuart Bousfield, PGGM Investment Director.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.