Bouwfonds IM launches second student housing fund
Bouwfonds Investment Management has plans to launch a second student housing fund, Bouwfonds European Student Housing Fund II.
The fund aims to raise €400 million ($440 million). It will invest across economically strong cities in the euro zone and Poland. Bouwfonds will mainly focus on sustainable investments in modern properties with affordable rents in strong locations. In addition, the investment focus will be expanded so that the new fund can also acquire operator-run student housing.
Bouwfonds’ initial student housing fund, Bouwfonds European Student Housing Fund I, has been fully placed since the end of 2015, and is now nearing the end of its investment phase, set to be completed by the end of 2016.
“Demand for student housing investment opportunities continues to be high among institutional investors, as we’ve learned from numerous discussions with European investors,” said Martin Eberhardt, managing dir