Round Hill Capital formed a new joint venture with Canada Pension Plan Investment Board (CPP Investments), which is responsible for investing assets in the best interest of more than 20 million CPP contributors and beneficiaries in Canada.
The JV, targeting assets of more than €1 billion ($1.2 billion), will be one of the largest European student-accommodation partnerships. It will invest in standing assets and developments across PBSA markets in Continental Europe, with capacity to invest in the major education markets across the continent. CPP Investments’ initial allocation of equity will be €475 million ($550 million).
The announcement marks another major milestone for Round Hill Capital, as it continues to build momentum in the sector. It has 40 PBSA acquisitions across the United Kingdom and Europe since 2002, including recent acquisitions in Spain, Germany and the Netherlands worth more than €150 million ($174 million). Assets will be operated primarily
