We acquire, manage and (co)invest in purpose-build investment and development projects for students and higher education professionals. We act on behalf of international investors, developers and/or PBSA operators to prepare and execute a strategic expansion plan. Since 2010 we have worked alongside the most renamed international investors specialized in the field of student housing investment in Spain and Portugal.
STRATEGY
Investment Parameters
- Use: Student Accommodation
- Spain & Portugal
- University cities
- <15min from campus
- New developments
- Existing assets
- Service or tertiary land use
- Freehold or leasehold
- GFA 5,000m2 to 15,000m2
- 200 to 600 units
PROJECTS
A selection of investment projects in the Student Living sector:
LAND ACQUISITION & DEVELOPMENT
Sevilla (2022)
550 beds
- 1 Student Residence
- 14.000 m2
Sourcing, underwriting, financing, land acquisition, fund closing, design and development management of a new development project. Acting on behalf of CA Ventures, backed by LaSalle IM.
LAND ACQUISITION & DEVELOPMENT
Granada (2021)
385 beds
- 1 Student Residence
- 10,000m2
Sourcing, underwriting, funding, land acquisition, design and development management of a new development project. Acting on behalf of CA Ventures backed by LaSalle IM.
PORTFOLIO PRE-ACQUISITION (STUDIOS)
Portugal (2020)
2,000 beds
- 9 Student Residences
- € 200mio
Identification of a purchase opportunity and sourcing for funding of an existing portfolio of nine PBSA assets in Lisbon and Porto. Operated by SmartStudios.In collaboration with CA Ventures.
PORTFOLIO PRE-ACQUISITION (NEXO)
Spain (2017)
2,250 beds
- 6 Student Residences
- € 150mio
Identification of a purchase opportunity and sourcing for funding of an existing portfolio of six PBSA assets in Madrid and Barcelona. Operated by Nexo/Oaktree. In collaboration with MPC Capital.
PRE-ACQUISITION DEVELOPMENT
Málaga (2017)
250 beds
- 1 Student Residence
- 7.500m2
Sourcing, land valuation, design and financial feasibility of a new development project on the university campus location Teatinos in Málaga. Acting on behalf of Crosslane / Prime Student Living.
SOURCING PROJECT FINANCE
Barcelona (2012)
900 beds
- 1 Student Residence
- 30,000m2
Sourcing for project finance for a 900-bed new development student housing project in the 22@ district in Barcelona. Mandated on behalf of property owners, Blackstone / Nido Student Living.
PORTFOLIO DEAL STRUCTURING
The Netherlands (2012)
1,400 beds
- 4 Student Hotels
- € 95mio
JV deal identification to invest, develop and manage four hotel properties in The Netherlands operated by The Student Hotel. Mandated by founding partners, City Living, backed by Carlyle Real Estate.
PORTFOLIO PRE-ACQUISITION (RESA)
Spain (2010)
7,000 beds
- 25 Student Residences
- € 120mio
Identification of an off-market opportunity, due diligence and sourcing for funding of a portfolio of 25 existing assets across Spain. Operated by RESA. In collaboration with Carlyle. Acquired by Azora in 2011.
PRE-ACQUISITION OPCO (MELON DISTRICT)
Barcelona (2010)
630 beds
- 2 Student Residences
- € 75mio
Due diligence to take a share participation in the Operating company, Melon District with two residences in Barcelona. Co-investment with Campus Holding BV, an international private equity group.
CLIENTS
A selection of Partnerships in the Student Living sector:
