EQT Real Estate II fund, managed by EQT Exeter, has launched a joint venture with Grupo Moraval, a Spanish developer with an approximate 30 percent market share of the purpose-built student accommodation (PBSA) facilities that have been or are currently being developed in Spain between 2020 and 2022. The joint venture is expected to have an initial capacity to establish an investment portfolio valued at more than €300 million ($365 million) and has aspirations to ultimately grow the portfolio to a value in excess of €500 million ($609 million).
“The joint venture’s assets will be let at market-rate rents under the newly created ‘Nodis’ brand. Nodis expects to embody strong values of dynamism, vitality and safety in its operations. As such, the residences will be equipped with state-of-the-art facilities, high-quality amenities and premium services including but not limited to gyms, private lounges, living and gaming areas, libraries, work and study spaces, cine
