Amro Partners and Aviva Investors 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 €500m in gross asset value, has already acquired a site in the Charlottenburg district of Berlin for a €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: “The 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’s brightest students.
“We 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’s most exciting cities, helping their universities get ready for the future, whilst also delivering investment outcomes for investors.”
Raj Kotecha, chairman and CEO of Amro Partners, said: “We 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.
“Aviva 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.”
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