Ardian, a private investment house, and Rockfield, a vertically integrated student housing platform, have launched a long-term, strategic partnership to invest in purpose-built student accommodation (PBSA) assets across continental Europe.
Together, they aim to identify best-in-class assets demonstrating a strong environmental performance to address the supply-demand imbalance across the continent. In this partnership Ardian will act as investment manager.
CBRE Investment Management, a global real assets investment management firm, will act as a founding investor with an initial equity commitment of €500 million ($541 million) through its Indirect Private Real Estate Strategies on behalf of global institutional investors.
The strategy aims to create a diversified portfolio of high-quality PBSA assets and will focus on European markets where student housing is in high demand and short supply, specifically in Italy, The Netherlands, Spain, Portugal, Germany and
