Greystar’s acquisition of UK purpose-built student accommodation provider Student Roost was approved in December.
Originally announced in May 2022, and expected to complete in the third quarter of 2022, the deal between GIC, Greystar and Student Roost underwent a Competition and Markets Authority merger inquiry.
The acquisition was cleared last month and a monitoring trustee appointed on December 22.
Global institutional investor GIC and Greystar announced the joint venture to acquire the UK’s third largest PBSA in 2022. Under the deal, Student Roost will continue to trade under its existing brand, comprising over 23,000 beds.
