Fiera Capital鈥檚 European real estate debt arm has entered the Spanish lending market with a development loan for a student housing project by Amro Partners and Falco Capital.
Amro Partners and Falco Capital have secured the 鈧�17.5m three-year development loan from the Fiera European Real Estate Debt Fund for Amro Estudiantes Alicante, a 鈧�30m purpose-built student accommodation (PBSA) project in Alicante. The Amro Estudiantes Alicante project is set to be completed in the third quarter of 2025.
David Renshaw, co-head of Fiera鈥檚 European real estate debt business, said: 鈥淲e are delighted to have transacted on this high-quality development facility. Since joining Fiera, we have remained consistent in our investment approach; to back best-in-class management teams and lend against fundamentally good real estate in sectors that suffer from undersupply and have favourable long-term outlooks.
鈥淎mro has a proven track record in delivering best-in-class student accommodation and we look forward to further building on our very good relationship.鈥�
Charles Allen, the head of European real estate at Fiera Real Estate, said: 鈥淥ur European debt strategy is an important portfolio diversifier that takes advantage of a new macroeconomic regime and Fiera鈥檚 global expertise in this space.
鈥漈his transaction proves the underlying appeal of our model, which offers creative finance solutions to sponsors and stable inflation-linked income streams in resilient asset classes to investors.鈥�
Raj Kotecha, the chairman and CEO of Amro Partners, said: 鈥淥ur strategy to create Europe鈥檚 most sustainable living real estate portfolio is paying dividends in terms of attracting the highest quality global lenders.
鈥漌e are delighted to be working with Fiera Real Estate as they make their European PBSA debut and looking forward to delivering this exemplar student housing asset in a prime location close to Alicante鈥檚 main university hub.鈥�
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