- Goldman Sachs and the Wellcome Trust have formed a £2 billion joint venture called Vero Group to invest in student housing in the UK, making it one of the largest players in the sector alongside Unite Group. - A record £6 billion was invested in private UK student accommodation in 2015 as investors seek to take advantage of rising student numbers and a shortage of housing. - Vero Group will initially have a portfolio of 23,500 beds across 25 UK towns, and plans to expand further through development and acquisitions. Goldman Sachs will own 68.4% of the new venture, with Wellcome Trust owning 28%.