PBSA platform – Elva Ventures – launches with £200m pipeline
Elva Ventures has been launched by John Diedrich – former Chief Investment Officer at CA Ventures. It is a new European platform dedicated to purpose-built student accommodation (PBSA) and already has a £200m development pipeline.
Over the next ten years, Elva Ventures is targeting 15,000 beds under management. The company is targeting the UK, Portugal, Spain and Italy initially, with the potential for this to expand further.
John has secured capital from high-net-worth individuals (HNWI) and family offices to fund Elva Ventures, with some previous investors of CA Ventures backing his new platform. With the capital in place, he’s wasted no time assembling a team of industry heavyweights …