Kirkland & Ellis advised Blackstone on their £4.66 billion acquisition of IQ Student Accommodation from Goldman Sachs and the Wellcome Trust. IQ Student Accommodation is one of the leading providers of student accommodation in the UK, and owns and manages 66 student premises in 27 towns and cities, catering to around 28,000 university students from all over the world. The transaction remains subject to regulatory approval. The transaction is the largest-ever private real estate transaction in the UK.
The team was led by London transactional partners Michael Steele, Carlos Gil Rivas and Dipak Bhundia; tax partner Tim Lowe and technology & IP transactions partner Emma Flett.