ROUND HILL CAPITAL PURCHASE 250-BED ASSET FOR STUDENTS IN VALENCIA
Round Hill Capital, a leading global specialist real estate investor, developer and manager has today announced its latest acquisition, a new 250-bed asset in Valencia, Spain, as it continues its rapid expansion of investing in new student accommodation across the primary and secondary Iberian cities.
Designed by TCH Arquitectura and Morph Estudio, the asset will be delivered by Atitlan and Area Desarrollo, comprising 250 modern student-focused hotel-style apartments in a city with a severe shortage of quality student accommodation. It is located 200 metres away from the main city campus of Polytechnic University and Universidad de Valencia and is well-served by public transport with a nearby tram station connecting it to the two universities. The city centre is within cycling distance and 12 minutes by public transport, with Malvarrosa beach located nearby. Construction works are expected to start in 2022.
The announcement marks another major milestone for Round Hill Capital as it continues to build considerable momentum in the sector, with 40 PBSA acquisitions across Europe since 2002, including over 1,150 student beds in Iberia. The deal comes after Round Hill Capital recently announced a record €1 billion+ joint venture with Canada Pension Plan Investment Board (CPP Investments). The partnership is one of the largest Pan-European student accommodation mandates in history …