LONDON— Greystar Real Estate Partners, the Public Sector Pension Investment Board of Canada and Allianz Real Estate have completed a joint venture to grow the London-based Chapter student housing brand.
Allianz Real Estate, whose parent is headquartered in Munich, has acquired an interest in Chapter alongside the current stakes of PSP Investments and Charleston, SC-based Greystar. The equity investment volume of the transaction that Allianz Real Estate is executing on behalf of various Allianz insurance companies stands at around £350m, the company states.
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