{"id":28535,"date":"2016-10-04T22:21:33","date_gmt":"2016-10-04T15:21:33","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=28535"},"modified":"2016-10-04T20:44:10","modified_gmt":"2016-10-04T13:44:10","slug":"gsa-joins-singaporean-wealth-fund-for-student-rooms-deal-in-uk-and-germany","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gsa-joins-singaporean-wealth-fund-for-student-rooms-deal-in-uk-and-germany\/","title":{"rendered":"GSA joins Singaporean wealth fund for student rooms deal in UK and Germany"},"content":{"rendered":"


\nGSA Group, the Dubai student accommodation specialist based in Dubai, has acquired a portfolio of more 4,600 student bedrooms in the UK and Germany, plus a development pipeline of a further 5,000 fut\u00adure bedrooms in two investment deals alongside Singapore sovereign wealth fund GIC. The price paid was not disclosed for either deal.The company announced on Tuesday that the portfolio of more than 1,000 beds, plus a pipeline of 1,500 future beds in properties under development, would go into a joint venture between the pair. GSA had initially bought the German properties in June this year. They are in major cities including Frankfurt, Darmstadt, Munster and Dresden. The pair is also targeting developments in other major university cities including Berlin, Cologne, Frankfurt, Hamburg and Munich.GSA Group said that Ger\u00admany is Europe’s biggest student market and offered a “significant opportunity” for the group. It has set an initial target of having 10,000 beds in the market, which it will operate under the Uninest banner that also operates from Dubai Academic City. This deal follows an acquisition last week where the pair bought a portfolio of 7,150 student beds in the UK from funds managed by US-based Oaktree Capital Management. About 3,364 beds have been built in the past three years in nine student accommodation buildings in six major UK university cities – Liverpool, Bristol, London, Edinburgh, Cardiff and Southampton. The remaining pipeline of 3,516 beds are in five cities including Birmingham, Bournemouth, Cambridge, Plymouth and Portsmouth. These will be built over the next 30 months.Nicholas Porter, the executive chairman of GSA Group, said: “GIC is a highly experienced capital partner in the student accommodation sector and we are very pleased to be working together with them to realise the significant growth opportunities present in this market.” He said there were a “huge number of students studying in Germany, but accommodation is in short supply and purpose-built student accommodation almost non-existent. By creating communities within our Uninest residences, we can enhance their overall university experience.” Madeleine Cosgrave, the European regional head of GIC Real Estate, said: “We are excited to enter the German student housing market, which is at an early stage of growth. We see good opportunities for consolidation as the market is highly fragmented.” mfahy@thenational.ae
\n
\nSource : thenational.ae
\nRead more…GSA joins Singaporean wealth fund for student rooms deal in UK and Germany<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

GSA Group, the Dubai student accommodation specialist based in Dubai, has acquired a portfolio of...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-28535","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-7qf","jetpack-related-posts":[{"id":32183,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gsa-targets-spain-for-expansion-in-student-property\/","url_meta":{"origin":28535,"position":0},"title":"GSA targets Spain for expansion in student property","date":"October 29, 2016","format":false,"excerpt":"\r GSA Group, the developer and investor in student property based in Dubai, is targeting Spain as its next major international growth market.The company, which alongside Singaporean sovereign wealth fund GIC bought portfolios in the UK and Germany this month containing 4,600 student beds and 5,000 more under development, is\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2859,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gsa-group-opens-424-bed-student-housing-in-dubai\/","url_meta":{"origin":28535,"position":1},"title":"GSA Group opens 424-bed student housing in Dubai","date":"January 28, 2016","format":false,"excerpt":"\r \r GSA Group is to open its first purpose-built student accommodation building in Dubai next month. The Dh110 million property, branded as Uninest, contains 424 beds as well as common areas including a pool, gym, terrace and cinema area. It has been built near Skycourt Towers in Dubailand, close\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":56386,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/enbd-reit-buys-dubais-first-purpose-built-student-block\/","url_meta":{"origin":28535,"position":2},"title":"ENBD Reit buys Dubai's first purpose-built student block","date":"May 31, 2017","format":false,"excerpt":"\r A real estate investment trust (Reit) has bought the UAE's first purpose-built student accommodation (PBSA) block in a deal worth Dh120 million. ENBD Reit, which was launched by Emirates NBD and listed on Nasdaq Dubai in March, said it had acquired the Uninest block in Dubai Academic City under\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119915,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/resilience-of-us-student-housing-market-sees-gsa-acquiring-assets-spread-over-19-cities-in-18-states\/","url_meta":{"origin":28535,"position":3},"title":"Resilience of US student housing market sees GSA acquiring assets spread over 19 cities in 18 states","date":"February 2, 2021","format":false,"excerpt":"\r Student accommodation may have been badly affected by the coronavirus pandemic as universities switched to classes online due to coronavirus restrictions, but that has not stopped deal making in the segment, with one investor acquiring major assets in the US.Last month, Global Student Accommodation Group (GSA), which specialises in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12106,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uae-ripe-for-student-housing\/","url_meta":{"origin":28535,"position":4},"title":"UAE ripe for student housing","date":"May 7, 2016","format":false,"excerpt":"\r The growth that has taken place in the United Kingdom's student population over the past 15 to 20 years has quite literally reshaped cities, with purpose-built student accommodation (PBSA) providers either restoring old buildings in industrial cities or reclaiming derelict sites and replacing them with student-filled towers.Indeed, from being\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7506,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-group-to-invest-66m-in-second-dublin-student-housing-project\/","url_meta":{"origin":28535,"position":5},"title":"Dubai group to invest $66m in second Dublin student housing project","date":"March 10, 2016","format":false,"excerpt":"\r GSA and Chicago-based real estate private equity firm Harrison Street plan to invest $275m in Dublin-based student accommodation over five years\r \r Source : arabianbusiness.com\r Read more...Dubai group to invest m in second Dublin student housing project","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/28535"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=28535"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/28535\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=28535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=28535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=28535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}