Amro Partners and Invesco Real Estate have significantly increased their exposure to the Iberian residential market, acquiring three new student housing projects across Spain with a total Gross Asset Value (GAV) in excess of €150 million ($174 million).
The joint venture partnership launched in October 2024 with two initial acquisitions in the Moncloa-Aravaca district of Madrid (166 beds) and the Barcelona metropolitan district (400 beds), which are already under construction and scheduled for launch ahead of the 2027 academic year.
The partnership also has added three more projects to its growing PBSA portfolio: a 195-bed development in Malaga with premium amenities including a rooftop pool; two adjacent plots in Valencia, which will deliver a 342-bed scheme within a 15-minute commute of the city’s main university hubs; and a 270-bed development in a leading city in the north of Spain, within walking distance of the historic city center. These acquisitions are s
