Weekly investors roundup: GIC and APG to acquire major stake in The Student Hotel; Omers to buy Australian mobile tower asset developer Stilmark
Singapore’s GIC teams up with Dutch pension fund APG to acquire a substantial stake in hospitality brand The Student Hotel valued at $2.22 billion; Omers Infrastructure plans to take over Australian mobile tower assets developer Stilmark for undisclosed sum; Malaysia's Employees Provident Fund reported an 18% decline in gross investment income for Q1 2022; and more.
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Singapore’s GIC and Dutch pension fund APG will acquire a substantial stake in hybrid hospitality brand The Student Hotel (TSH) from asset-management business Aermont Capita, in a move that will value the European student accommodation and hotel group at €2.1 billion ($2.22 billion).
In a joint statement on Tuesday (Jun 21), the parties said that under the deal, APG and TSH’s founder Charlie MacGregor will raise their current stakes in the group. This is GI…
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