Published: 21:50 GMT, 26 February 2020 | Updated: 21:50 GMT, 26 February 2020. Student housing is seen as particularly lucrative, with universities predicting an increase of around 171,000 attendees over the next four years. We do not allow any commercial relationship to affect our editorial independence. The IQ sale comes after Blackstone said it would use cash from a £11billion Saudi-backed infrastructure fund to invest in Britain. What next for Neil Woodford and his investors? Back Neal Gandhi's tech revolution with The Panoply, MIDAS SHARE TIPS UPDATE: Annoying emails drive a profit surge at Dotdigital with customers including the NHS, MIDAS SHARE TIPS: It can pay to be a patriot! 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This category is for portfolio companies of the private equity investment firm The Blackstone Group. The University of Edinburgh, where Blackstone is acquiring student accomodation US-based private equity group Blackstone has agreed to buy IQ Student Accommodation, which is … On May 15, 2020, Jones Day clients Goldman Sachs Merchant Banking Division and the Wellcome Trust completed the sale of iQ Student Accommodation to Blackstone for £4.66 billion (US$5.73 billion), representing the largest ever private real estate transaction in the UK. Bank of America Corp., Citigroup Inc. and Savills Plc represented Blackstone in the acquisition. Its swish private rooms are a far cry from those that most graduates would have lived in during their university days. 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IQ's portfolio is mainly in London, where it is the largest owner of student accommodation. Inspiration. Where can investors look for shares that will benefit from a coronavirus recovery? Discover Thomson Reuters. You must be logged in to continue. Save. From phones to iPods and laptops, there's gold in them thar gadgets! Are 'cheap' bank shares an opportunity to profit or a value trap? Financial Government Solutions Legal Reuters News Agency Risk Management Solutions Tax & Accounting Blog: Answers On Innovation @ Thomson Reuters Blackstone is a leading global investment business investing capital on behalf of pension funds, large institutions and individuals. Blackstone nowadays is more than those boots from the 90's, but the elements of back then still remain in our DNA. 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