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Ares Generation JV Buys Mace Student Homes Duo for £157.5M

JV Between Ares and Generation Partners Buys Exeter and Cardiff Schemes in First UK Student Homes Acquisition
The Depot, Exeter. (Mace)
The Depot, Exeter. (Mace)
CoStar News
February 25, 2021 | 7:00 AM

Mace’s Develop business, part of the international consultancy and construction company, has completed the sale of part of its student accommodation portfolio to Ares Generation, a joint venture between a fund managed by the real estate group of Ares Management Corporation and Generation Partners for £157.5m.

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