Allianz takes stake in PSP-backed U.K. student housing JV: Reuters
European insurer Allianz has agreed to a joint venture with asset manager Greystar Real Estate Partners and Canada’s Public Sector Pension Investment Board (PSP Investments) to develop U.K. student housing, Reuters reported. Allianz said the equity value of the deal was about US$465.05 million. The deal sees Allianz take a stake in London-focused Chapter alongside existing investors Greystar and PSP Investments. The company aims to double the size of its portfolio to 10,000 student beds within five years.
22 June 2018•1 min read
