Ivanhoé Cambridge and Bouwinvest Real Estate Investors’ partnership with Greystar Real Estate Partners to invest €1 billion to develop student and young professional housing in the Greater Paris Region is the latest commitment of foreign capital to the European market.
The venture will target new acquisitions, including ground-up developments and projects already under construction and focus on delivering best-in-class student and young professional accommodation, according to a joint statement from the partners.
Amid continued economic fall-out from the COVID-19 pandemic, investors are looking to assets and sectors with resilient characteristics to see them safely through the downturn. Europe’s student housing is attracting investors keen to take advantage of solid demand for accommodation in the region’s main cities. Paris is home to 18 universities, nearly 60 business schools and around 625,000 students, according to data from JLL.
The recent deal is the latest in a series of major investments that are
Continue reading this article at https://www.theinvestor.jll/news/emea/alternatives/major-deal-evidences-international-demand-for-europe-student-housing/