GSA and Nuveen to acquire YouFirst Campus portfolio from Gecina for €540m.

Global Student Accommodation, a real estate investment managers, and Nuveen, a student housing company, agreed to acquire YouFirst Campus, a student housing, portfolio from Gecina, a real estate company, for €540m. “I am delighted to implement the next phase of GSA’s European growth strategy by entering the French student accommodation market with a specific focus on Paris. We are excited to partner with and work alongside Nuveen, a relationship which is underpinned by a strong alignment on the opportunity in France and signifies GSA’s position as the leader in student housing globally. The French market offers compelling opportunities, combining a large student base, driven by the country’s leading universities, and low provision rates of suitable student accommodation. The acquisition of Gecina’s YouFirst Campus portfolio is an excellent entry point into the region, bringing well-located prime assets that will benefit from our expertise and significant synergies providing real value from day one,” James Hunt, Global Student Accommodation Global Head of Real Estate.