M&A Deal Summary

PGGM Acquires RESA

On August 1, 2022, PGGM acquired real estate company RESA from Greystar Worldwide

Acquisition Highlights
  • This is PGGM’s 8th transaction in the Real Estate sector.
  • This is PGGM’s 1st transaction in Spain.

M&A Deal Summary
Date 2022-08-01
Target RESA
Sector Real Estate
Buyer(s) PGGM
Sellers(s) Greystar Worldwide
Deal Type Divestiture

Target

RESA

Barcelona, Spain
website
RESA is a private and fully vertically integrated student accommodation platform in Spain, with c. 11,200 beds under management, split into 43 projects located in more than 20 cities across the country. During the academic year, RESA offers accommodation solutions tailored to the needs of each university campus, i.e. full-year accommodation for undergraduate students, monthly accommodation for international mobility students and even residences designed specifically for professors, researchers, masters and postgraduates. RESA is based in Barcelona, Spain.

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Buyer(S) 1

Buyer

PGGM

Zeist,, Netherlands

website

Category Company
Sector Financial Services
DESCRIPTION

PGGM is a pension fund service provider and manage the pensions for different pension funds. Currently, Company manage pension assets worth in excess of approximately EUR 188,7 billion.

DEAL STATS #
Overall 11 of 11
Sector (Real Estate) 8 of 8
Type (Divestiture) 2 of 2
Country (Spain) 1 of 1
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-24 Fudura

Zwolle, Netherlands

Fudura is a provider of medium-voltage electricity infrastructure metering devices and related data services. Fudura provides advice, measures, designs, and realizes infrastructures and manages and maintains meters, charging stations, transformers, and switchgear. Fudura was founded in 2012 and is based in Zwolle, Netherlands.

Buy -

Seller(S) 1

SELLER

Greystar Worldwide

Charleston, South Carolina, United States

website

Category Company
Founded 1993
Sector Real Estate
DESCRIPTION

Greystar Worldwide LLC is a fully integrated multifamily real estate company offering expertise in investment management, development, and property management of rental housing properties globally. Greystar was formed in 1993 and is based in Charleston, South Carolina.

DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Divestiture) 1 of 1
Country (Spain) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-25 EdR

Memphis, Tennessee, United States

EdR is a self-administered and self-managed real estate investment trust that owns or manages 88 communities with more than 45,800 beds serving 55 universities in 25 states. EdR was founded in 1964 and is based in Memphis, Tennessee.

Buy $4.6B
Mergr

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