SINGAPORE (Oct 4): Singapore’s sovereign wealth fund GIC is partnering with Global Student Accommodation Group (GSA) to push into the German student accommodation market using a portfolio of close to 1,000 student beds, which GSA acquired in June as the cornerstone investment.

In a joint statement on Tuesday, GIC and GSA share that the portfolio features properties in Frankfurt, Darmstadt, Munster and Dresden as well as a pipeline of 1,500 beds which they intend to “expand through investments, developments and in working with local property companies”.  

GSA has set an initial target of opening 10,000 beds.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook