Amro Partners and Aviva Investors have formed a new joint venture partnership and launch of a dedicated platform focused on investment into purpose-built student accommodation (PBSA) across Germany.
The partnership will initially target a portfolio of 3,000 student beds, expected to represent in excess of €500 million ($580 million) in gross asset value (GAV), which it intends to reach during the next three years.
It has already secured its first project, acquiring a prime site in the Charlottenburg district of Berlin to develop a €60 million ($70 million) scheme comprising 200 student rooms with amenities. The scheme sits within walking distance of the main campus at the Technical University of Berlin. It is currently expected to open prior to the start of the 2028/2029 academic year.
Germany is home to 2.9 million students, making it the largest student population in continental Europe, with 49 German universities ranked on the Times Higher Education list
