Round Hill Capital seals deal for new student accommodation investment in Spain

Round Hill Capital (RHC), a leading global real estate investment, development and asset management firm, has closed a deal to acquire a 12,800 sq m site for its first PBSA development in Spain. Located in the Aravaca district of Madrid, the 500-bed scheme will bring much needed high-quality student housing to the city. Construction is set to start in 2021 and the development is scheduled to be ready for occupation for the 2023/24 academic year.

The site has full planning permission and is within close proximity of many of Madrid’s leading universities including IESE, ESIC, Francisco de Vitoria and the Complutense University of Madrid. It is also exceptionally well-located with rail and bus links to the city centre just a five-minute walk away.

The deal marks Round Hill Capital’s 23rd PBSA investment in continental Europe, bringing its current portfolio to over 9,590 beds. The company is actively seeking further investments in Spain as it looks to build on its expansive portfolio across the continent, having identified significant supply/demand imbalances in high quality student accommodation in the Spanish market. In the 2018-2019 academic year, there were only 20,693 PBSA beds in Madrid to meet a demand estimated at 114,000 …

View original article