BGO has launched its German purpose-built student accommodation (PBSA) strategy with the acquisition of K115, an operational student housing asset in central Cologne.
For the German PBSA strategy, BGO is pursuing standing assets, refurbishments, conversions and developments in top university cities with large student populations and compelling supply-demand dynamics.
The 153-unit property marks the fund’s first investment in Germany’s structurally undersupplied PBSA sector and aligns with BGO’s thematic focus on living strategies supported by strong secular demand tailwinds.
Strategically located in one of Cologne's prime student districts with excellent university connectivity, K115 offers significant asset management value-add potential. BGO is working with the operating partner joint venture consisting of N17 Projects and Callidus Real Estate Capital and engaged the leading PBSA operator CIV (NeonWood) on the operational management of the property.
