The shareholders of CRM Students Ltd. have sold the business to CORESTATE Capital Holding S.A. (CORESTATE) for US$19.8 million.
CRM Students is a property management services in the student accommodation and co-living segments. Focused on managing the assets of corporate, university and institutional investors, and with over 15 years track record in successfully delivering client objectives, CRM Students, operate over 50 student schemes, totalling over 23,000 bed spaces across the UK.
CORESTATE Capital Holding is a fully integrated investment manager headquartered in Luxembourg that covers the entire lifecycle of an investment. As an integral part of its investment philosophy, the firm co-invests in its product offering, usually via alignment capital. CORESTATE offers the full range of real estate investment management services, such as investment, fund, asset, property and facility management. The company has assets under management of approximately US$29 billion and is listed on the Frankfurt Stock Exchange.
Oaklins Cavendish, based in the UK, advised the seller in this transaction.
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