Summary:
- Aviva Investors has provided €33 million in financing for two PBSA developments in Valencia, Spain, delivering 342 beds through a joint venture with Amro Partners and Invesco, addressing a critical accommodation shortage in a key student market.
- The projects, aligned with the Loan Market Association’s Green Loan Principles, will feature amenities such as study spaces, a gym, and a cinema, offering flexible accommodation options to meet diverse student needs.
- This financing expands Aviva Investors’ multi-sector private debt strategy and builds on its existing partnerships, including a €500 million German PBSA platform with Amro Partners and a broader Spanish real estate portfolio exceeding €360 million GDV.
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