Dutch Pension Co., Singapore Take Stake In The Student Hotel
By Najiyya Budaly (June 21, 2022, 4:00 PM BST) -- Singapore's sovereign wealth company GIC and Dutch pension investment company APG said Tuesday that they will buy a "substantial stake" in The Student Hotel from Aermont Capital, in a deal they said values the hospitality group at €2.1 billion ($2.2 billion).
APG will increase its present stake in the Amsterdam-based group, which wasn't disclosed, and GIC will join as a new investor, the companies said. Charlie MacGregor, the founder of The Student Hotel, will also increase his current holding in the group, which offers student accommodation, hotel rooms and co-working spaces across Europe.
The companies did not reveal the consideration or...
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