Summary:
- JP Morgan Asset Management has formed a joint venture with iLive Group to develop a €1.5 billion purpose-built student accommodation portfolio across major German cities, starting with approximately 1,000 beds in Frankfurt and Berlin.
- The partnership addresses Germany’s significant shortage of high-quality, modern student housing, aiming to expand iLive’s managed living platform and meet growing demand in key university locations.
- This initiative builds on JPMAM’s broader European managed living strategy, following recent acquisitions and investments in France and Spain totaling over 2,300 beds and €600 million in flexible living projects.
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