FINANCE: Citigroup is close to agreeing its first financing deal in the student housing market.
The bank is in negotiations with US investor Greystar to provide around £420m of finance for its £600m acquisition of the NIDO student housing portfolio, as revealed by EG earlier this month.
The NIDO portfolio comprises 2,375 beds across three student buildings in King’s Cross, Spitalfields and Notting Hill and the Hult Tower, E1.
