Name of the deal
NEW STUDENT HOUSING PLATFORM - STUDENTSPACE
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Information about the transaction
In March 2024, Signal Capital Partners, Griffin Capital Partners and Echo Investment launched a new student housing platform – StudentSpace. The JV goal is to build 5,000 modern and energy efficient beds across key academic cities in Poland over the next three to five years. The joint venture consist of a 70% stake held by a partnership with Signal Capital as the majority shareholder and Griffin Capital Partners. The remaining 30% is held by Echo Investment. Griffin Capital Partners acts as the investment and asset manager while Echo Investment acts as the development manager of the venture.
In August 2024, StudentSpace announced the start of construction of its first projects in Kraków at Wita Stwosza Street and 29 Listopada avenue. The new dormitories will provide space for over 1,200 students. Echo Investment will be the developer of both Cracow projects. Construction is expected to be completed ahead of the 2025/2026 academic year. |
The date of closing the deal
March 2024
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Value of the transaction (in EUR)
0
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Yield
n/a
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Seller, plus brief information about the company
n/a
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Consultancy which advised Seller
n/a
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Purchaser, plus brief information about the company
n/a
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Consultancy which advised Purchaser
The transaction was supported by legal advisors: Linklaters, TSP Law, MDDP, CBRE (Signal and Griffin Capital Partners), and Greenberg Traurig and EY (Echo Investment).
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Financing institution
n/a
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Current occupancy level
0
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Please say why this deal should be considered for the award
Poland is home to 359 universities and other higher education institutions, with a student body exceeding 1.2 million, including over 105,000 international students. A significant issue for students in Polish cities is the limited availability of private-operated housing and poor quality of university-operated housing. StudentSpace aims to fill this gap, offering students not only a place to sleep, but also a comfortable space to learn, grow, relax and create unforgettable memories
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