Global Student Accommodation (GSA) has formed a joint venture joint venture with Nuveen Real Estate, and signed an agreement to acquire the YouFirst Campus portfolio in France from Gecina for €540 million ($567 million).
This strategic partnership combines GSA’s expertise in all aspects of investing and managing student housing globally, with Nuveen’s experience in real estate investment management.
The joint venture will acquire Gecina’s student housing portfolio of more than 3,600 beds across 18 operational assets in Bordeaux, Lille, Lyon, Marseille and Paris, providing immediate scale and market presence across the France’s leading educational cities. The portfolio also includes four development sites in Paris, creating an accretive pipeline that aligns to the joint venture’s value add and long-term strategy.
All properties are close to leading universities and Grandes Ecoles (Francie’s top universities), including the Sorbonne, Scie
