Amro Partners and have partnered to invest in German purpose-built student accommodation (PBSA), with an initial plan to target a portfolio of 3,000 student beds over the next three years.
The newly launched platform, which expects to hold an initial portfolio worth over 鈧�500m in gross asset value, has already acquired a site in the Charlottenburg district of Berlin for a 鈧�60m project.
The development is currently expected to open before the start of the 2028/2029 academic year.
George Fraser-Harding, head of pan-European funds, real estate, at Aviva Investors, said: 鈥淭he student accommodation sector remains an under-supplied market in Germany. This is a country with some of the most dynamic educational institutions and a burgeoning population of some of Europe鈥檚 brightest students.
鈥淲e believe that through our partnership with Amro Partners and collective expertise, we can create a platform that will deliver high-quality schemes in some of Germany鈥檚 most exciting cities, helping their universities get ready for the future, whilst also delivering investment outcomes for investors.鈥�
Raj Kotecha, chairman and CEO of Amro Partners, said: 鈥淲e are delighted to be working alongside Aviva Investors in our largest capital partnership to date, as we expand our reach into the key market of Germany.
鈥淎viva Investors is a blue-chip counterpart who shares our conviction about the PBSA market opportunity in Germany - and we look forward to executing on this over the coming years.鈥�
To read the latest 麻豆映画 Real Assets magazine click here.
