CBRE Investment Management has committed a further €300 million to Ardian and Rockfield’s European student housing investment venture.
In October last year, CBRE IM’s indirect private real estate arm committed an initial €500 million as a founding investor in the new venture, set up to acquire core-plus purpose-built student accommodation properties in high-demand European markets such as Italy, the Netherlands, Spain, Portugal, Germany and France.
Ardian and Rockfield said CBRE IM has now made the follow-on commitment bringing its total commitment to the strategy to €800 million.
Source: realassets.ipe.com on the 3rd of June