Global Student Accommodation Group (“GSA Group”), the international student accommodation developer, operator and asset manager, and Coral Portfolio Limited, the holding company of Coral S.à.r.l., (which is the general partner of Coral Portfolio S.C.A. SICAV-SIF), today announced that GSA’s Investment Management division has completed the acquisition of the remaining 50% of Coral Portfolio Limited.
Following regulatory approvals, the deal completes GSA Group’s integration of Coral Portfolio Limited following the acquisition of an initial 50% stake in May 2014. The business will be rebranded as GSA Coral and will continue to offer investors access to the growing student accommodation sector through its EU-regulated fund platform.
Whilst regulatory approval has been received, the change of name from Coral Portfolio SCA SICAV SIF to GSA Coral Portfolio SCA SICAV SIF remains subject to Shareholder approval which is in process.