Italy: Investment manager Partners Group has formed a JV with Camplus, an Italian student accommodation operator.
The JV intends to develop and operate PBSA in France and Spain, with an initial focus on two development projects in Paris and Barcelona.
The inaugural projects include Camplus Ivry, a 448-bed scheme in Paris, and Camplus 22, a 250-bed development in Barcelona. Both projects are set to pursue green certifications, reflecting the partners’ commitment to sustainable living. In France, the NF HQE Habitat Excellent certification will be targeted, while in Spain, the BREEAM Very Good standard is the goal. Additionally, both projects will aim for WELL and WiredScore certifications, underscoring the importance of well-being and connectivity in modern student living.
Building a Leading Platform in Undersupplied Markets
Beyond these initial projects, the JV is working on a pipeline of additional developments. The aim is to establish a leading platform of PBSA beds in markets across France and Spain that are currently undersupplied. This expansion aligns with Partners Group’s experience in the UK’s PBSA sector, where it collaborated with Host.
Alice Saini, member of management, and Anne-Jan Jager, co-head private real estate Europe at Partners Group, said: “The launch of this student housing platform in continental Europe is evidence of our thematic work in action. We have strong conviction in the European student housing sector, particularly given the current undersupply of new purpose-built, amenitised student housing in key university cities. We look forward to working with our experienced local partners on building a portfolio of high-quality and sustainable student communities.”
