The investment fund Blackstone has purchased the student residence company IQ Student Accommodation from Goldman Sachs and Wellcome Trust for €5.549 billion (GBP 4.66 billion), according to reports from the companies.
IQ is a company specialising in student accommodation. Its portfolio contains 67 assets in 27 British cities, where it offers more than 28,000 beds. This year, it is planning to add another 4,000 beds to its portfolio in cities where demand is rising. Most of the firm’s halls of residence are located in London.