Europe

BlackRock Private Markets has raised €774 million (US$844 million) in initial investor commitments for the BlackRock Europe Property Fund VI at its first close.

In arrivo 10 mila posti letto di student housing. Lo prevede l’accordo siglato da Fondo Europeo per gli Investimenti (FEI, parte del Gruppo BEI) e CDP Real Asset SGR, controllata da Cassa Depositi e Prestiti). La realizzazione degli alloggi universitari rientra in un programma più ampio di edilizia sociale da 300 milioni di euro, finanziato in parte con risorse europee.

The residence will have 670 beds and will be operated by Yugo, which already has thirteen residences under management in Spain. The project is located in front of the Polytechnic University of Madrid and very close to the Rey Juan Carlos University.

Bulgaria is becoming an increasingly attractive study-abroad destination for international students, with the latest figures from the Bulgarian National Statistics Institute (NSI) showing that...

ESAF, the evergreen Student Housing Core+ fund backed by Stoneshield Capital and funded by UBS Assett Management's institutional investors, has acquired two new student residences in Porto for €50m. The PBSA assets feature premium rooms and common spaces, in line with the demands of the current generation of students, and are Leed ESG certified gold and silver, the firm said.

The Minister Delegate in charge of Housing, Patrice Vergriete, announced on Friday 1st December 2023, a major student housing plan with 35,000 constructions in the next three years, including 8,000 next year.

Steve Schwarzman, the founder of Blackstone—one of the world’s largest owners of commercial real estate—is doubling down on the asset class in which he made his name. “We’re seeing some very, very good buys in that kind of environment because, unlike most people, we have enormous capital and can buy the types of real estate that we like, whether they’re data centers, warehouses, student housing,” he said.

Watson Farley & Williams has advised Banco de Sabadell, S.A. and Banco Pichincha España, S.A. on a financing granted to Temprano Capital and Brookfield for the construction and development of the Living Riera-Blanca student residence in Barcelona.

The manager is rebuilding its PBSA portfolio in the country more than a year after selling the RESA platform it had built up between 2017 and 2022.

Aareal Bank has closed a €566 mln refinancing facility with The Social Hub (TSH), together with two participating lenders, one of which is Rabobank.