(AGENPARL) - Roma, 22 Giugno 2022(AGENPARL) – LONDON mer 22 giugno 2022
News
22 June 2022
Freshfields Bruckhaus Deringer (‘Freshfields’) has advised GIC and APG on the agreement to acquire a substantial stake in hybrid hospitality leader The Student Hotel (TSH). The transaction values TSH, including assets currently under development, at €2.1 billion.
As part of the agreement, GIC and APG will commit to invest to fuel further expansion for TSH, subject to customary regulatory approvals.
The deal sees APG and founder Charlie MacGregor increase their current stake in TSH. APG first invested in TSH in 2015. MacGregor and Aermont Capital entered into business in 2014 after MacGregor opened the first The Student Hotel in 2012. GIC now joins as a new investor.
APG and GIC’s commitments will support TSH in accelerating its growth strategy to expand into key European cities and grow its presence to 50 hotels from 25 hotels under ownership today, of which 15 are currently operational and 3 are opening in 2022, in Madrid, Barcelona and Toulouse.
The Freshfields advisory team was led by partners Victoria Hills (Real Estate) in London, and Harald Spruit (Corporate/M&A) and Bob van Kasteren (Tax) in Amsterdam.
ENDS
Fonte/Source: http://www.freshfields.com/en-gb/news/2022/06/freshfields-advises-gic-and-apg-on-the-acquisition-of-a-substantial-stake-in-the-student-hotel/
