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GIC and Greystar's buyout of Student Roost raised competition concerns, UK CMA says

( November 8, 2022, 10:31 GMT | Official Statement) -- MLex Summary: GIC (Realty) Private and Greystar Real Estate Partners' buyout of Student Roost could lead to higher rent and lower quality housing for students in Birmingham, the UK Competition and Markets Authority said today following a phase 1 probe. The CMA said GIC, Greystar and Student Roost have accepted the concerns and intend to offer remedies to address them within the next five working days. Provided the remedy addresses the concerns, the deal will not be referred for an in-depth probe, the CMA said.Statement follows. A summary of the provisional decision is attached....

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