Round Hill to invest €1Bn in students’ residences

Round Hill Capital has announced a new partnership to invest around €1Bn in students’ residences.

The joint venture involves the Canada Pension Plan Investment Board in projects to build Purpose Built Student Accommodation (PBSA) in Europe, including Portugal.
The upfront initial investment from the new partnership will be €475 million. Holland, Spain, Germany, Ireland, Portugal and Italy will be the investment locations.
Round Hill already has a strong presence in the market with 40 student accommodation projects in the UK and Europe completed since 2002.
In a statement to the property magazine Vida Imobiliária, João Pita, Round Hill Development Director Portugal, said, “This joint venture includes Portugal, a market which RHC continues to identify an important imbalance between levels of supply and demand and in which it tends to continue to invest, namely in the students’ accommodation segment in addition to the two projects that it already currently has in Lisbon and Porto”.