GovWire

GIC / Greystar / Student Roost merger inquiry

Competition Markets Authority

November 22
12:06 2022

Statutory timetable

Phase 1 Action
22 November 2022 CMA to consider undertakings offered
8 November 2022 Decision announced
22 September 2022 to 6 October 2022 Invitation to comment
22 September 2022 Launch of merger inquiry

Phase 1

CMA to consider undertakings offered

22 November 2022: The CMA considers that there are reasonable grounds for believing that the undertakings offered by GIC (Realty) Private Limited, Greystar Real Estate Partners, LLC, Roost JV LP, Roost Bidco Limited and Student Roost, or a modified version of them, might be accepted by the CMA under the Enterprise Act 2002. The full text of the decision will be published in due course.

Reference unless undertakings accepted

8 November 2022: The CMA has decided, on the information currently available to it, that it is or may be the case that this merger may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom. This merger will be referred for a phase 2 investigation unless the parties offer acceptable undertakings to address these competition concerns. The full text of the decision will be published in due course.

Launch of merger inquiry

22 September 2022: The CMA announced the launch of its merger inquiry by notice to the parties.

Invitation to comment: now closed

22 September 2022: the Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

To assist it with this assessment, the CMA invites comments on the transaction from any interested party, in advance of the CMAs formal investigation starting.

Contact

Please send written representations about any competition issue to:

Julie Flandrin

julie.flandrin@cma.gov.uk

Published 22 September 2022
Last updated 22 November 2022 +show all updates
  1. Decision to consider undertakings offered published.

  2. Reference unless undertakings accepted decision published.

  3. First published.

Recent Comments

Follow Us on Twitter

Share This


Enjoyed this? Why not share it with others if you've found it useful by using one of the tools below: