Ardian and Rockfield acquire major Dutch PBSA asset
Ardian and Rockfield Real Estate have acquired the 596-bedroom Minervahaven purpose-built student accommodation (PBSA) housing building in Amsterdam’s Houthavens district. The deal is one of the largest single PBSA transactions in the Netherlands on record in terms of gross asset value (GAV).
Minervahaven is the fourth investment by the pan-European student accommodation strategy in just six months from launch – after earlier acquisitions in Florence, Bologna and Barcelona – which takes total capital deployed so far to over €300m GAV.
CBRE Investment Management’s Indirect Strategies provided an initial €500m equity commitment to the strategy. The strong momentum in fundraising continues, with an expected additional €300m of commitments closing in Q2 2025 and a target to reach a total of €1bn for the PBSA strategy by the end of 2025 …