Amro and Aviva make Charlottenburg PBSA acquisition
Amro Partners and Aviva Investors, the global asset management business of Aviva plc, have announced a new joint venture partnership and the launch of a dedicated platform focused on investment into purpose-built student accommodation (PBSA) across Germany.
The partnership will initially target a portfolio of 3,000 student bedrooms, expected to represent in excess of €500m in gross asset value (GAV), which they intend to reach over the next three years.
The joint venture’s first project is a prime site in the Charlottenburg district of Berlin to develop a €60m scheme comprising 200 student rooms with amenities. The scheme sits within walking distance of the main campus at the Technical University of Berlin. It is currently expected to open prior to the start of the 2028/2029 academic year …