Competition Markets Authority
Statutory timetable
| Phase 1 | Action |
|---|---|
| 30 November 2022 to 14 December 2022 | Consultation on proposed undertakings in lieu of reference |
| 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
Undertakings in lieu of reference consultation: until 14 December 2022
30 November 2022: The CMA is consulting on proposed undertakings in lieu of reference offered by GIC (Realty) Private Limited, Greystar Real Estate Partners, LLC, Roost JV LP, Roost Bidco Limited and Student Roost for the anticipated acquisition by GIC (Realty) Private Limited and Greystar Real Estate Partners, LLC of Student Roost via Roost Bidco Limited.
- (30.11.22)
- (30.11.22)
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.
- (30.11.22)
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.
- (30.11.22)
- (8.11.22)
- Press notice: Accommodation merger could mean worse deal for students in Birmingham (8.11.22)
Launch of merger inquiry
22 September 2022: The CMA announced the launch of its merger inquiry by notice to the parties.
- (22.9.22)
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 or public interest issues to:
Julie Flandrin