KKR sells €190m of Dutch student housing to Greystar and Xior

By Richard Lowe2020-12-17T13:24:00+00:00
Private equity firm KKR has sold two student housing developments in Netherlands for €190m to global housing fund manager Greystar Real Estate Partners and Belgian company Xior Student Housing.
Greystar bought a 680-unit complex in Utrecht, and Xior acquired Zernike Tower, which houses about 700 units in Groningen, according to KKR.
Greystar said it paid €98.5m for the asset in an off-market transaction, and Xior said it invested €91.5m.
KKR has been developing student housing in the Netherlands since 2018, through a joint venture with Round Hill Capital, as part of plans to capitalise on growing demand for high quality affordable accommodation for students and young professionals across Europe

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