blackstone iq portfolio

Are 'cheap' bank shares an opportunity to profit or a value trap? We do not write articles to promote products. If you click on them we may earn a small commission. Will the UK election result boost or sink the stock market? Learn More. 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. Britain is the second-largest market for rooms outside North America, with about 140 universities attended by 2.4m undergraduates and post-graduates. In the biggest private real estate deal seen in the UK Goldman Sachs and the Wellcome Trust have agreed to sell iQ, which owns and operates 67 student housing blocks with 28,000 beds, to the US private equity giant. SPDR Blackstone / GSO Senior Loan ETF is a company in the U.S. stock market and it is a holding in 7 U.S.-traded ETFs. Student numbers are at an all-time high and are expected to climb. This content is only available to registered users . Where can investors look for shares that will benefit from a coronavirus recovery? Bank of America Corp., Citigroup Inc. and Savills Plc represented Blackstone in the acquisition. Fiat steps into an electric future: We drive the new 500 supermini that will be available only as an EV with a 199 mile range and £20,000 price tag, First-time buyer hunting hotspots revealed: Most popular places to search for a home are Dagenham, Luton and Wolverhampton. Blackstone plans to invest heavily in the business, which has a development pipeline of about 4,000 beds. This is Money is part of the Daily Mail, Mail on Sunday & Metro media group, Get a discount code to save on your internet security, Discover a range of promo codes on kitchen appliances, Get great deals on existing and new plans, Upgrade your phones with these mobile deals, Click through to score Dell's discount code. Student housing is seen as particularly lucrative, with universities predicting an increase of around 171,000 attendees over the next four years. Blackstone has agreed to buy IQ Student Accommodation from Goldman Sachs for £4.7bn, in the UK’s largest private real estate transaction. iQ was established in 2006, with Wellcome as one of the founding investors, and merged with Goldman Sachs' student housing business in 2016. Blackstone in exclusive talks to buy Prologis’ Platform portfolio By Mitchell Labiak Wed 16 September 2020 Blackstone is in exclusive talks to buy Prologis’ Platform portfolio for £480m in what would be the largest UK warehouse investment sale on record. The business merged with Goldman Sachs’s student housing company in 2016. You must be logged in to continue. “I am delighted to be working with a partner of Blackstone’s calibre, as we continue to deliver our ambitious growth plans,” said Rob Roger, chief executive of iQ Student Accommodation. Student housing has been a particularly popular bet, as students vastly outnumber the rooms available in purpose-built accommodation. Sale is largest-ever private real estate transaction in U.K. iQ Student Accommodation has over 28,000 beds across Britain, Blackstone Buys Goldman’s Student Dorm Business in $6 Billion Deal. Though Blackstone is paying up for iQ, it is getting above-average growth. The concentration on top universities, particularly in London, means many of iQ’s biggest tenants are overseas students, with just a third coming from the U.K. About half existing residents come from outside the European Union. The Blackstone Group Inc. sought the help of JLL and Rothschild as it considers the divestment of a logistics property portfolio worth more than A$700 million, which it assembled with boutique operator Fife Capital, The Australian reported. Blackstone will buy student housing company iQ for £4.7bn. Subcategories. How to invest for high income and avoid dividend traps, How to find shares with dividends that can grow: Troy Income and Growth manager, Blue Whale manager: 'We want companies that grow whatever happens', How biotechnology investors can profit from an ageing population and the future of medicine. This content is only available to registered users NS&I must listen to its loyal savers: It has delayed plans to scrap Premium Bond cheques... now its customers demand it ditches the idea for good. Opportunistic and core real estate funds rose 6.4% and 3.5% respectively. How much is this man to blame for the demise of Debenhams? Blackstone posted net income of $794.7 million, or $1.13 a share, for the third quarter. Discover Thomson Reuters. Blackstone said its private equity portfolio appreciated 12.2% in the quarter, compared with an 8.5% rise in the benchmark S&P 500 stock index over the same period. According to the publication, the private equity giant may opt for a direct sale or choose to seed the over 20-property portfolio in a new trust. Goldman Sachs' merchant banking unit and medical charity Wellcome Trust have agreed to sell the British student accommodation company iQ to Blackstone … Blackstone has a long track record in the sector, with iQ the third student-housing business the fund manager has invested in since 2006. L'entreprise est basée à New York et possède des bureaux à Atlanta, Boston, Londres, Hambourg, Paris, Mumbai, Sydney et Hong Kong. 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Blackstone a été fond… No comments have so far been submitted. The IQ sale comes after Blackstone said it would use cash from a £11billion Saudi-backed infrastructure fund to invest in Britain. IQ Student Accommodations owns and … iQ’s portfolio is concentrated in London - where it is the largest owner of student accommodation - and also Manchester, Leeds, Sheffield, Edinburgh and Birmingham. We seek to create positive economic impact and long-term value for our investors, the companies in which we invest, and the communities in which we live and work. Private equity giant Blackstone has snapped up a student housing firm for £4.7billion in one of the UK's biggest ever property deals. The U.K. government said last year it aims to increase the number of international students studying in the U.K. by more than 30%. Blackstone has agreed to buy the British student housing company IQ from Goldman Sachs in a £4.7bn deal. 05 mars 2020 International law firm Gowling WLG has advised Blackstone, the private equity firm, on the acquisition of UK student accommodation company IQ from Goldman Sachs. 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. 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. Blackstone's shares were down 2.9% in afternoon trading, in line with the broader market. How to invest in the new era of falling interest rates, How to profit from green energy, reducing waste and boosting recycling, How to get a near 6% yield by tapping into Asia's dividends: Henderson Far East Income's manager, The UK is cheap and shares could bounce back: Fund managers' tips on picking funds and trusts, How to find the best British companies to invest in and not worry about Brexit. or debate this issue live on our message boards. This category is for portfolio companies of the private equity investment firm The Blackstone Group. About half of the portfolio is located in London, with the remainder spread across cities and university towns that are home to the U.K.’s top academic institutions. The IQ sale comes after Blackstone said it would use cash from a £11billion Saudi-backed infrastructure fund to invest in Britain. It owns 28,000 beds and has another 4,000 more in the pipeline. Blackstone nowadays is more than those boots from the 90's, but the elements of back then still remain in our DNA. Blackstone has a long track record in the sector, with iQ the third student-housing business the fund manager has invested in since 2006. U.K. Clears Pfizer Covid Vaccine for First Shots Next Week, U.S. Covid Cases Found as Early as December 2019, Says Study, While OPEC+ Fights, Mexico Wins Over $2 Billion on Oil Hedge, Stocks Post Another Record High; Oil Halts Slide: Markets Wrap, U.S. Hospital Use Surges; California Case Record: Virus Update. Published: 21:50 GMT, 26 February 2020 | Updated: 21:50 GMT, 26 February 2020. 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. Ownership should be material (i.e. Many have private bathrooms or kitchens, and facilities include gyms, games rooms, private cinemas and luxury community areas. Updates with detail on deal starting in sixth paragraph. The US company is buying London-based IQ from Goldman Sachs and the Wellcome Trust as demand for university accommodation surges in response to the growing number of students. Inspiration. The designs are authentic and we deliberately keep them simple to maintain a focus on materials, details and finishing, creating premium products that match the fashion trends. Some links in this article may be affiliate links. By Jessica Newman 2020-05-15T15:24:00. How to invest through a crisis like coronavirus and protect your money? One 'platinum' studio in London was yesterday going for £2,752 per month. Blackstone is one of the world’s leading investment firms. 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. En juin 2007, l'entreprise a fait une entrée record dans la Bourse de Wall Street, toutefois en dessous des attentes, avec une capitalisation de 4 000 000 000 USD. It’s also the latest in a series of substantial U.K. real estate investments for the alternative asset manager that include a large portfolio of railway arches and a low-income housing business. iQ is one of the UK’s leading providers of Purpose Built Student Accommodation. Back Neal Gandhi's tech revolution with The Panoply, MIDAS SHARE TIPS UPDATE: Annoying emails drive a profit surge at Dotdigital with customers including the NHS, MIDAS SHARE TIPS: It can pay to be a patriot! Private-equity firms are betting heavily on U.K. real estate, which has lagged other western European markets since the Brexit referendum in mid-2016. Big grocers hand back tax breaks: Tesco agrees to pay £585m then Morrisons says it will return £274m - but will others follow? Would you like to read more? James Seppala, head of Europe real estate at Blackstone, said: 'British higher education is globally renowned and we are delighted to invest meaningful capital to support IQ's further growth.'. Subscribe . It includes a double bed, television, dining table and chairs, study desk, kitchenette with dishwasher, underfloor heating, wi-fi and bathroom. Have a confidential tip for our reporters? Overview. They might be giants: Do US smaller companies still offer rich pickings?

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