Tristan Capital Partners £439 million acquisition of majority stake in Downing student housing joint venture

Overview:

• Tristan Capital Partners has invested £439 million in a UK student housing joint venture owned by Downing.
• The joint venture consists of a 3644 bed student housing portfolio, an initial 2756 bed portfolio and an option to acquire additional assets in Glasgow and Vauxhall.
• The deal sees European Property Investors Special Opportunities IV (EPISO 4) acquire a 90% interest in the joint venture with Downing retaining a 10% stake.
• The joint venture will acquire the assets in two tranches.
• Financing for the portfolio acquisition was provided by AIG.

Sam Duke - Editor