Summary:
- Greystar Equity Partners Europe Fund II acquired three student residences totaling over 1,200 beds in Pamplona, Seville, and Sabadell from Merkel Capital, marking Greystar’s renewed entry into the Spanish student housing market after selling its Resa platform.
- The residences will operate under Greystar’s Canvas brand, which manages 26 assets across seven European countries with more than 11,700 beds, reinforcing Greystar’s pan-European footprint in PBSA.
- The transaction, financed by Deutsche Pfandbriefbank and advised by leading legal and real estate firms, aligns with Merkel Capital’s strategy to expand its residential portfolio beyond 4,000 beds and exceed £600 million investment in PBSA by 2025.
Original article:
https://iberianlawyer.com/greystar-acquires-three-student-residences-from-merkel-capital-advisors/
