Progress Slows in Closing the Attainment Gap
7th Dec 2018
Corestate Capital Holding has acquired the UK student accommodation management firm, CRM Students, for EUR 17m.
Frankfurt-listed Corestate has increased its assets under management by ten-fold since the end of 2016 and has now purchased CRM Students from its founder Keith White and a group of private investors.
The acquisition of CRM Students increases Corestate's managed assets by EUR 3bn. Furthermore, following the purchase, the number of beds in its micro-living segment will increase to more than 30,000.
Commenting on the deal, Michael Butter, the CEO of Corestate said: "We are aiming to become Europe's leading provider for micro-living and student accommodation, a market that is growing dynamically. We are already holding the top position in Germany. By acquiring CRM, we are bringing a prominent international partner on board."
"Furthermore, the comprehensive expertise in international student accommodation operations will open up additional synergies. Through CRM's project pipeline, we will gain access to additional investment opportunities in interesting European university cities. By using these opportunities, we want to continue our growth."
7th Dec 2018
6th Dec 2018
5th Dec 2018
4th Dec 2018
3rd Dec 2018
30th Nov 2018
29th Nov 2018
28th Nov 2018
27th Nov 2018