Partners Group, DeA Capital Real Estate form PBSA JV with Camplus
Partners Group and DeA Capital Real Estate, a pan-European asset manager based in Italy, have established a new pan-European platform with Camplus, an Italian student accommodation firm.
The joint venture will develop and operate next-generation student accommodation (PBSA) assets in Europe and aims to become a market leader in the sector, with a target of more than 5,000 beds.
The joint venture starts with the first two development projects already underway: Camplus Ivry, 448 beds in Ivry-Sur-Seine, Paris; and Camplus 22@, with 250 beds in the 22@ technology district of Barcelona. The joint venture is actively working with a significant pipeline of other projects, with the aim of building a leading PBSA bed platform in markets with quality-housing shortages across France and Spain.
The joint venture’s assets will be managed by Camplus.
“We have strong beliefs about the European student accommodation sector, especially given the current shortage of ne