Signal Capital Partners, Griffin Capital Partners and Echo Investment S.A, a Polish development company, have plans to launch a new student housing platform.
The new joint venture is aiming to develop an operating portfolio of 5,000 purpose-built, modern, energy-efficient student beds across key academic cities in Poland over the next three to five years. The joint venture will comprise a 70 percent stake held by a partnership with Signal Capital as the majority shareholder and Griffin Capital Partners. The remaining 30 percent will be held by Echo Investment. Griffin Capital Partners shall act as the investment and asset manager, while Echo Investment will act as the development manager of the venture.
Colman McCarthy, partner, real estate investments at Signal Capital, believes that the dynamically evolving Polish purpose-built student accommodation (PBSA) market presents an attractive opportunity for a well-capitalized investor to create a new PBSA platform together
