EREC Estates plans to expand digs portfolio

EREC Estates is a joint venture company that brings together the sons of two very different real estate tycoons.

The Hon William Cadogan, son of Earl Cadogan, heads one half of the partnership, Trust Estates. The other half, European Real Estate Company (EREC), is led by Pan Rui, son of Pan Shiyi, chairman and founder of the developer SOHO China, which Blackstone is in talks with to buy for $4bn (£3.29bn).

The combination means EREC Estates, a specialist in student accommodation investment and development, is as well placed as any to take advantage of the hitherto growing influx of Chinese students into the UK …

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