The UK Corporate Finance team is pleased to announce that they have advised The Mansion Group Holdings (“TMGH”) on its joint venture partnership with ActivumSG, one of Europe’s largest independent real estate investment managers.
The partnership will focus on aggregating a portfolio of more than £500 million of Purpose Built Student Accommodation (PBSA) across leading university towns and cities throughout the UK.
The venture has been seeded with two initial portfolio acquisitions comprising 972 beds across seven assets, which will be managed by TMGH’s award-winning operating brand, Mansion Student. Together, TMGH and ActivumSG will seek to acquire and upgrade existing PBSA assets across the UK, aiming to meet growing student demand for high-quality accommodation at competitive and affordable pricing.
TMGH are vertically-integrated specialists in the PBSA sector, with over 17 years experience in the acquisition, development, asset and investment management of both new and existing student accommodation units within the UK. ActivumSG brings a strong track record in European accommodation and operationally-focused real estate, having invested more than €1.8bn of equity in these sectors since inception.
PwC Corporate Finance acted as exclusive financial adviser to TMGH, leading the end-to-end capital raising process, including investor identification, outreach, structuring, and negotiation.
The PwC UK team advising on the transaction was Simon Hampton, Karen Best, Jon Southam and Gerard Halligan.
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