Summary:
- Tokoro Capital, Homie, and GCM Grosvenor have launched a partnership targeting UK student housing, backed by a £75 million commitment from GCM Grosvenor and a total investment capacity of approximately £200 million after leverage.
- The partnership will acquire and upgrade traditional HMOs and first-generation PBSA to provide more affordable rents for domestic students, starting with an initial portfolio of 440 beds.
- GCM Grosvenor emphasizes the partnership’s strategic approach and operational expertise, aiming to expand its European footprint and capitalize on an underinvested segment of the UK student housing market.
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