Real estate investment manager Round Hill Capital has invested €183m in three accommodation deals in Spain.
Round Hill said it has acquired the 400-bedroom Hotel Florida Norte hotel being redeveloped in Madrid for €120m, forward funded a 180-student bed residence in Madrid worth €30m and has bought a 413-bed student residence in Seville for €33m.
Round Hill said acquired student accommodation will add an additional 593 student beds to Round Hill European Student Accommodation (RHESA), the European PBSA joint venture with CPP Investments.
Michael Bickford, founder and CEO of Round Hill Capital, said: “The latest announcements highlight our commitment to deliver high-quality accommodation in line with market demand, and firmly establishes Round Hill Capital as a leader in the European sector.
“Our 20 years of experience ensures we can deliver intelligent investments. With an integrated approach, our on-the-ground teams are able to invest in and produce high-quality accommodation that responds to the evolving needs of customers by creating smarter spaces through innovative technology.”
Source: realassets.ipe.com on the 22nd of June