- Macquarie Asset Management is acquiring and merging BaseStack Living and Milestone to form a specialist PBSA platform managing over 12,000 beds across eight European countries, aiming to scale operations in key cities and address student housing shortages.
- Justin Hamer, BaseStack’s owner and co-founder of Basecamp Student, will remain a shareholder and CEO of the combined platform, leveraging his experience in a market still in early growth stages but attracting strong institutional investor interest.
- The move aligns with broader investor trends highlighted by Savills, showing PBSA as a leading priority in European operational real estate, reflecting a strategic shift toward specialist living sectors amid evolving market dynamics.
Macquarie Asset Management Acquires Two European Student Housing Operators
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