The Class Foundation and Savills discover PBSA investment growth
Non-profit organisation The Class Foundation and real estate company Savills’ new European PBSA Investment Barometer Report reveals that 93,600 beds, equating to €12.3bn in investments, can be expected over the next two to five years. This will be led by Spain, Italy, Germany, France and Portugal.
Published during The Class Foundation Conference in Barcelona today (9 November 2023), the report includes findings from a survey of 11 European investors and operators who collectively manage PBSA assets worth €17.8bn, totalling 122,500 PBSA beds.
According to Savills, there are currently 1.94 million PBSA beds (public and private) across Europe, with an estimated total value of c.€286bn. Respondents to the survey expect to see significant growth in the number of private beds being added to the European market, with a further 93.6k expected over the next few years. This equates to an additional investment of €12.3bn in the delivery of new supply …