Chicago’s CA Ventures has expanded to Spain and Portugal with a plan to invest €200m (£174m) in student accommodation and build-to-rent.
The investor will focus on university cities including Madrid, Barcelona, Lisbon, Valencia, Salamanca and Granada.
It has appointed Steven Zijl (pictured) as managing director for the region. He joins from Eurostate Real Estate Partners, a residential investment and development company that he founded in 2001.
The launch comes as part of a £1bn residential drive in Europe, following its BTR debut in the UK at the start of the year and student launch the previous year.
Carlo Matta, head of Europe at CA Ventures, said: “Our approach is institutional, focusing on cities with over 50,000 full-time students and investing in creating a new generation of student housing and build-to-rent schemes that are currently unavailable anywhere else in the market.
“As a vertically integrated real estate investment company, we control the process of investment, development and property and asset management, allowing us to control risk and ultimately create lasting value for our investors.”
Zijl added: “With a general lack of adequate student accommodation and a growing number of international students, we will very much be focused on creating value for all participants in the process, from domestic students to international talent, from shareholders to universities and municipalities.”
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