University places are in demand from an increasingly mobile student demand pool which we expect to continue to grow over the long term. By acquiring high-quality product that is managed by an experienced and customer-focused operator, our goal is to meet the housing demands of these students and to generate attractive risk-adjusted returns for our investors.
The asset is part of a $600 million joint venture between Nuveen Real Estate and Value One, investing in pan-European purpose-build student accommodation. Using our bespoke city focused research strategy, the venture has selected a prime location within close proximity of key universities, transport nodes and local amenities.
