Ardian has further strengthened its purpose-built student accommodation (PBSA) strategy with a new €300 million commitment from CBRE Investment Management on behalf of its indirect private real estate division.
CBRE Investment Management (CBRE IM) acted as a founding investor in Ardian and Rockfield’s PBSA strategy when it launched in October last year. This early follow-on commitment brings CBRE IM total commitment to the strategy to €800 million ($913 million).
Ardian and Rockfield aim to build a diversified portfolio of high-quality, purpose-built student accommodation assets across leading university cities in Continental Europe, targeting markets with demand imbalances from rising student populations and structural undersupply, specifically in Italy, the Netherlands, Spain, Portugal, Germany and France.
The strategy has achieved strong momentum in its first months, with five acquisitions completed to date, establishing a diversified and growing seed p
