Among the larger listed players in the market, Unite Group has already been active in 2020. U.K. student accommodation providers have been hit particularly hard by the number of international students who chose not to come for the 2020/2021 academic year due to travel restrictions and concerns about the pandemic. • As a result of the acquisition of Pure Student Living, iQ is now the leading owner of private purpose built student accommodation in London • Invested £21m on refurbishing 25 properties, and adding 61 new beds in Summer 2018 • We opened our brand new 272 bed development in Newcastle which was fully occupied for the 2018/19 Investor interest in U.K. student accommodation has remained strong in the face of the pandemic. IQ Thanks - I think form and function relate to fenestration which is required by the use proposed whether that is student accommodation, residential, hotel or office space so it will be a similar form to other proposals. Please contact your professors, library, or administrative staff to receive your student login. Goldman Sachs Merchant Banking Division and the Wellcome Trust have completed the sale of iQ Student Accommodation to Blackstone for €5.22 billion ($5.7 billion). Don’t miss out – just download the iQ app as soon as you check-in to your iQ room. Available for everyone, funded by readers. Goldman Sachs and Britain's biggest medical research charity are drawing up plans to float one of the country's largest providers of student housing in deal likely to value it at well over £3.5bn. "There will be some opportunities to make some distressed purchases," he said. The Blackstone Group Inc. closed a £4.7 billion acquisition, which was announced in February, of IQ Student Accommodation from Goldman Sachs Group Inc. and Wellcome Trust as the country emerged from its first national lockdown in May. If distressed opportunities do arise, there should be more than enough appetite in the market. Don’t miss out – just download the iQ app as soon as you check-in to your iQ room. It also offers student digs in other leading university cities such as Manchester, Leeds, Sheffield, Edinburgh and Birmingham. Last modified on Thu 27 Feb 2020 08.03 EST. The Blackstone Group Inc. closed a £4.7 billion acquisition, which was announced in February, of IQ Student Accommodation from Goldman Sachs Group Inc. and Wellcome Trust as the country emerged from its first national lockdown in May. Companies own and operate 18% of purpose-built student accommodation currently, while universities account for a further 18% and private rentals make up 42%. In the past decade, iQ Student Accommodation has provided accommodation to more than 28,000 students in 67 sites across 27 UK cities. You’ll be located nice and close to UCL, Middlesex University, St Martins College of Art and Design, Central Saint Martins, Central School of Speech & Drama, and many more! If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. Investor interest in U.K. student accommodation has remained strong in the face of the pandemic. Fill out the form so we can connect you to the right person. IQ Student Accommodation is one of the leading providers of student accommodation in the UK, and owns and manages 66 student premises in 27 towns and cities, catering to around 28,000 university students from all over the world. The short supply has been pushing up rents. Open the door to more with iQ. An en-suite room in Bloomsbury in the centre of the capital costs £460 a week. Refer a friend and you’ll both benefit from an additional £100 cashback each. There are some operators who just don't have the resources behind them. iQ … One of our representatives will be in touch soon to help get you started with your demo. iQ is proud to have been part of the higher education ecosystem for ten years - Reimagining the student accommodation experience and giving our residents their best year yet. Thank you for your interest in S&P Global Market Intelligence! © 2020 Guardian News & Media Limited or its affiliated companies. The three largest listed U.K. purpose-built student accommodation providers, Unite Group PLC, Empiric Student Property PLC and GCP Student Living PLC, reported occupancy of 88%, 70%, and 69% respectively. Goldman's role in the deal is unsurprising given that the Wall Street bank also owns a majority stake in IQSA. Much will depend on what happens at the beginning of 2021. They provide the best home-from-home environment from which students can make the most of the opportunities open to them. High rent bills have led to student rent strikes in the past. The number of full-time students in the UK has reached a record level. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. UK student accommodation sector could see distress in 2021, Banking Essentials Newsletter December Edition, Part 2, Banking Essentials Newsletter - November Edition, University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts. With the iQ app, you can see everything in one place, including contracts, and Pay your next rent instalment on the go. Sky News has learnt that the owners of iQ Student Accommodation (IQSA) are close to hiring banks to oversee an initial public offering (IPO) in London. iQ Student Accommodation | Affordable Student Housing in the UK. Among those vulnerable are developers unable to secure funding due to tighter lending criteria are also exposed, said Hillman. Rob Roger, iQ’s chief executive, said he was looking forward to “working with a partner of Blackstone’s calibre, as we continue to deliver our ambitious growth plans”. More than half of the company’s portfolio is in London, where iQ is the largest owner of student accommodation. U.S. developer Greystar already has a small stake in the U.K. student accommodation business and is interested in buying more of the firm, according to a person familiar with the matter. The biggest student hub in the Midlands, Birmingham is a hive of creative ideas and is constantly innovating. "And if it is going to occur, it may well be around Q1 or Q2 next year.". The transaction remains subject to regulatory approval. The sector has had a turbulent year following the imposition of a national lockdown in March that closed universities and prompted thousands of students to vacate their accommodation. The agency now has over 33 residences in … "They will either go bust or will have to, Beyond the institutionally backed PBSA sector, private, Empiric, which made its last acquisition in 2018, is unlikely to be tempted into the investment market should there be distressed opportunities available, said Garrood. "If they experience financial distress, it will simply take capacity out of the market, which will probably be to our advantage," he said. If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ. The company purchased a west London development site in November where it will build an 800-bed project for about £150 million. 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