Goldman Sachs Merchant Banking Division and the Wellcome Trust have completed the sale of iQ Student Accommodation (iQ) to Blackstone for £4.66 billion. The transaction is the largest ever private real estate transaction in the UK.
”We can confirm the completion of the sale of iQ by Goldman Sachs Merchant Banking Division and the Wellcome Trust to Blackstone,” said IQ on Friday.
iQ Student Accommodation is one of the UK’s leading providers of Purpose Built Student Accommodation. It was formed in 2006 with Wellcome as one of the founding investors, and merged with Goldman Sachs’ student housing business in 2016.