View guides

CA Ventures to Invest £500m Per Annum

Posted by Richard Ward in ,

Image courtesy of Flickr, Creative Commons

CA Ventures has committed to investing £500m a year to develop purpose-built student accommodation in the UK and Ireland.

The US-based developer said it will invest the amount annually by 2021 and will also be exploring other European markets with commitments in its development pipeline of £300m a year in the Netherlands, Spain, Portugal and Italy.

CA Ventures recently received backing from Investec to fund the development of 888 beds in Glasgow, Edinburgh and Sheffield.

Commenting on the announcement, Carlo Matta, head of Europe at CA Ventures, said that outside the US, the UK is the largest destination for international students but remains severely under-supplied with PBSA.

Carlo added: "The UK government's recent extension to residency rights for international students, post-graduation, is a great signal to the global student community. We see a significant opportunity in the UK, Ireland and continental Europe, to deliver a modern, high-quality student living experience."

"Limited supply, increasing obsolescence of older product and growing university enrolment has created a very favourable supply/demand dynamic, and we at CA Ventures have invested heavily in building out a development and property management infrastructure to execute our long-term growth plan."

"Across commercial real estate product types, we feel that student accommodation offers some of the best risk-adjusted returns given the ability to satisfy demand from both domestic and international students."