King Street Capital Management is joining forces with Portuguese private equity firm Alea Capital Partners to launch a new €375 million investment joint venture targeting student accommodation assets across Portugal.
Through the new platform, Alea and King Street will be investing, developing, and operating modern, high quality student housing located in key university cities in Portugal.
The focus will be on Alea’s pipeline of over 3,500 accommodation units in Portugal, with immediate three seed assets covering a total area of 36,000 square metres.
Eastdil Secured acted as exclusive financial adviser in the formation of the Joint Venture.
Source: propertyeu.info on the 7th of November, 2024
https://propertyeu.info/Nieuws/King-Street-and-Alea-team-up-to-invest-375m-in-Portuguese-PBSA-market/d25d7146-23ff-4667-a7fa-403a23784c46