Radar > 235009

Oaktree Capital Management, The Student Hotel (TSH), and Round Hill Capital seek to acquire student housing in Spain

Oaktree Capital Management, The Student Hotel (TSH) y Round Hill Capital quieren adquirir residencias de estudiantes en España

Intel ID : 235009
Synopsis

Oaktree Capital Management (NYSE:OAK), The Student Hotel (TSH), and Round Hill Capital showed interest in acquiring student residences in Spain, reported El Economista on 29 March, 2016, citing director of alternative investment at US-based consulting firm JLL, Nick Wrid.

Wrid noted the profitability of these properties could be between 6% and 6.5% for the ones in the best locations.

If the residences do not meet the companies' criteria, they could carry out several developments. Favourite destinations are Madrid and Barcelona. Should there be no stock of buildable land plots, the change of use is another of the strategies analyzed by the investors.
(content in spanish)

Oaktree Capital Management (NYSE:OAK), The Student Hotel (TSH) y Round Hill Capital han mostrado interés en la compra de residencias de estudiantes en España, según ha publicado el diario El Economista el 29 de marzo de 2016, basándose en declaraciones de Nick Wride, director de Inversiones Alternativas de JLL.

Nick Wrid ha indicado que la rentabilidad de estos inmuebles podría situarse entre el 6% y el 6,5% para las que estén mejor ubicadas.

En el supuesto de que las residencias no se ajusten a los criterios de estos tres fondos, podrían llevar a cabo varias promociones. Los destinos prioritarios son Madrid y Barcelona, y ante la falta de stock de terrenos urbanizables, el cambio de uso es otra de las fórmulas que analizan los inversores.

Intel ID 235009
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Bidder

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.09 Private Equity
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Bidder

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.03.01 Real Estate Development & Operating Companies
25 Financial Services / 25.03 Real Estate

Country
Website
Description

Bidder

Name
verified
Subsector (Old TTR Sectors)
Real Estate and Construction / Real Estate (Primary)
Primary Sector (TTRSC)
25.03.01 Real Estate Development & Operating Companies
25 Financial Services / 25.03 Real Estate

Country
Website
Description

Related Entity

Name
Subsector (Old TTR Sectors)
Services and Distribution / Consultancy, Audit and Engineering (Primary)
Primary Sector (TTRSC)
25.03.03 Real Estate Services
25 Financial Services / 25.03 Real Estate

Country
Website
Description

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potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

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