Patrizia Immobilien has invested in a student housing asset in M眉nster.
The investment manager bought the 200-unit asset in the German city for an undisclosed amount.
The 6,300 sqm property, which was sold by a Dutch investment company, is 5km from the city centre of M眉nster.
鈥淲e have been experiencing an increasing level of interest in student accommodation from institutional investors,鈥� said Johannes Altmayr, head of residential acquisitions at .
The fully-let property, he said, is of 鈥渉igh quality in an area that is greatly in demand due it being a well-established site within a stable district鈥�.
M眉nster, the location of the Westf盲lische Wilhelms Universit盲t, is home to 50,000 students, around 20% of the city鈥檚 entire population of 310,000.
鈥淲e anticipate that this population, and the subsequent demand for high-quality, affordable student accommodation in the area, is set to grow further in the coming years,鈥� Altmayr said.
