CPP Investments Funds European PBSA Strategy Managed by Round Hill Capital
Posted on 11/01/2021
Round Hill Capital, a global specialist real estate investor, developer and manager, announced a new joint venture with Canada Pension Plan Investment Board (CPP Investments). The joint venture is targeting assets in excess of €1 billion and will seek to be a major European student accommodation partnership. It will invest in standing assets and developments across PBSA markets in Continental Europe, with capacity to invest in the major education markets across the continent. CPP Investments’ initial allocation of equity will be €475 million. By year end, the joint venture is expected to have approximately 2,000 beds secured in Spain and the Netherlands based on contracted assets and those under exclusivity.
Round Hill Capital has made 40 PBSA acquisitions across the U.K. and Europe since 2002, including recent acquisitions in Spain, Germany, and the Netherlands worth over €150 million. Assets will be operated primarily by Nido Student, Round Hill Capital’s specialist PBSA brand.
