London – Mayer Brown has advised Round Hill Capital, a leading global real estate investment, development and asset management firm, on a new joint venture with Canada Pension Plan Investment Board (CPP Investments), a global investment management organization with more than 20 million beneficiaries and contributors in Canada, that will invest in excess of €1 billion in European student accommodation.
The joint venture will target both existing and developing purpose built student accommodation (PBSA) in Continental Europe and will be one of the largest partnerships of its kind in this asset class.
Nido Student, Round Hill Capital’s award-winning European student accommodation brand, will primarily operate the assets. Since 2002, Round Hill Capital has made more than 40 PBSA acquisitions across the UK and Continental Europe.
“We were delighted to advise our client Round Hill Capital on this ground-breaking deal, which marks an important milestone as they continue to expand their market-leading investment offering in PBSA assets,” said Mayer Brown partner Simon Price, who led the firm’s cross-practice team.
The Mayer Brown team led by Real Estate Markets partner Simon Price included Corporate & Securities partners Perry Yam and Tim Nosworthy, and associates Alastair Dolman and Madeleine Pryde; Tax Transactions & Consulting partners Simon Rose and Michelle Jewett (New York), and Employment senior associate Katherine Fox (all London).