LONDON – Feb. 24, 2026 – Greenberg Traurig, LLP’s London office has advised Tokoro Capital on the formation of its £200 million U.K. student accommodation joint venture with GCM Grosvenor, marking a significant new platform targeting the evolving student housing market.
The new vehicle, backed by £75 million in commitments from GCM Grosvenor, will focus on repositioning houses in multiple occupation and first-generation purpose-built student accommodation across key U.K. regional university cities. The joint venture has already been seeded with an initial portfolio of approximately 440 student beds, which will be operated by Homie, Tokoro’s specialist housing management business.
The partnership seeks to address the growing need for affordable and accessible accommodation for domestic students, particularly in their second and third years, where supply-demand imbalances remain acute and institutional investment has historically been limited. Leveraging Tokoro’s established track record — including its earlier TKO‑II aggregation strategy — and Homie’s operational platform, the joint venture is well-positioned to capture the next wave of institutional growth in the sector.
Max Bassadone, co‑founding partner at Tokoro, said, “We are very grateful for the continued support from Greenberg Traurig, who have demonstrated once again their strong work ethic, deep bench and ability to work through complex issues whilst providing tangible and innovative solutions.”
The team was led by Tom Dear, partner in Greenberg Traurig’s London Private Equity Real Estate team, and Sierra M. Taylor, partner in the London Real Estate Finance team, and supported by Clive Jones, partner in the London Real Estate Tax team, and Amy Ryan and Daniel Hayden, associates in the Private Equity Real Estate team.