New student housing project acquired in Valencia

According to JLL’s Student Housing Report published in November 2022, Valencia is the city with the lowest PBSA stock level and highest supply/demand mismatch in the entire Spanish market, with an estimated 28:1 ratio of students in need of housing to beds, making it the ideal location for our eleventh student housing project since we launched in Iberia in 2018.

We have also closed €7.5 million development financing with Alteralia Real Estate Debt, a fund managed by Alantra, to finance the development of our student housing project in Porto, Portugal. The Porto project is set to open in January 2024, in time for the second semester start of the 2024/25 academic year. The 151-bed BREEAM Outstanding-rated asset will be operated under our Amro Estudiantes brand.

Raj Kotecha, Co-Founder and CEO of Amro Partners said: “We are delighted to undertake our third transaction with IPIM. This is the first of several acquisitions we expect to announce in the coming months as we scale up our presence in the European PBSA sector. The Iberian student housing market remains structurally undersupplied and despite challenging market conditions we’re continuing to see attractive investment opportunities in cities such as Valencia where demand is strong and growing.”