IP Investment Management

We are delighted to share that demolition has commenced at our latest £30m purpose-built student accommodation development in Dundee, Scotland. This is the seed asset for our £150m UK student housing multi-asset fund that invests in both developments and value-add acquisitions. The site on Marketgait has planning consent for a seven-storey, 189-studio bed project that will feature modern amenities including a ground floor student hub, gym, cinema room, dining room, and a landscaped external courtyard all built to high-end specifications and fit outs. According to Savills Research, Dundee is one of the most under supplied / underserved student housing markets in Scotland with only c. 3,900 existing student beds vs. a 17,100 full time student population. Over the last decade, there has been minimal new build student housing inventory in Dundee, as such, c. 77% of the total full-time student population cannot access student housing beds based on the existing supply alone, reflecting the shortage of beds. #studentaccommodation #pbsa #dundee Maven Capital Partners CHAP Group (Aberdeen) Ltd Selina Williams Stephen So Kai Huang Angelo C. Wong James Leung Min Chong Chia 谢明聪 Ben Willsher Jason Lamb Monicca Amar Torbjørn Flo Aasen Alexandra Davidson Colin Anderson Paul Johnston

IPIM’s Debut Student Housing Development in Portugal Scores Highest Marks as Country’s First New Build Ever to Secure BREEAM’s “Outstanding” Rating We are delighted to announce that in partnership with Amro Partners and Heed Capital SGOIC, S.A. we have achieved the highest ESG certifications for Amro Porto, our debut student housing project in Porto, Portugal. Amro Porto is the country’s first new building ever to achieve BREEAM “Outstanding”, in addition to Fitwel 3* and WiredScore Platinum ratings – the highest ranking for each respective certification. Located in the Paranhos area of Porto within the city’s main university hub, the 151-bed scheme comprises a mixture of studios, twodios and some doubles with modern amenities including study rooms, terraces, gym, cinema, MasterChef room and outdoor green spaces. The project was completed in October 2023 and opened to students in January 2024. Following a fabric-first approach to reduce energy demand, a Whole Life Carbon assessment was carried out at the design stage, as well as post-construction, to calculate carbon emissions over the whole lifecycle of the building. This was critical in informing procurement strategies for the project, embedding circular economy principles by maximising the proportion of reused and recycled products - and helping achieve a 15% reduction in upfront emissions between the design and construction phases. With zero reliance on fossil fuels and a highly efficient, fully electric heating and cooling system, operational energy consumption for Amro Porto is minimal, with passive strategies in place to optimise performance, control heat gains and reduce the need for air conditioning. Data shows that heating requirements for the building are 89% lower than standard and space cooling demand is 67% lower, which in addition to the 100% renewable origin power supply contract, brings the building into Zero CO2 emission operationally. Sensors continually track air quality and pollution levels, indoor temperatures and real-time energy usage and water consumption, ensuring the building is always running at peak performance and providing optimal comfort for residents.   Selina Williams, Executive Director of IP Investment Management said: “We are immensely proud to have achieved the highest ESG certifications for Amro Porto, marking a significant milestone as the first new building in Portugal to receive BREEAM’s ‘Outstanding’ rating. This accomplishment reflects our desire to create living environments that prioritise both environmental responsibility and the well-being of our residents. A huge thanks to the team at Amro Partners whose commitment and expertise in developing sustainable buildings has enabled this certification to be achieved.” #pbsa #studenthousing #esg #BREEAM Kai Huang Stephen So Angelo C. Wong Min Chong Chia 谢明聪 Raj Kotecha Luis López-Quiñones García Pelayo Jiménez Menéndez Pablo Garcia-Morales Osorio Juan Carlos Sanz Prat

Amro Porto PBSA Portugal’s first BREEAM Official outstanding new-build: https://lnkd.in/eki7Xggf cc Raj Kotecha, Gustavo Caiuby Guimarães, Selina Williams, IP Investment Management, Heed Capital SGOIC, S.A. and Amro Partners #pbsanews #pbsa #esg #sustainability #residential #studentaccommodation #builtenvironment #portugal #europe

Residents of our student housing projects are the happiest in Europe!   We are proud to announce that Amro Estudiantes, the operator of our student housing assets in Iberia, has secured the highest score in The Class Foundation's 2024 Student Living Monitor survey, an annual survey that measures student happiness and well-being across Europe. Nearly 11,000 survey responses were received from 16 countries with Amro Estudiantes scoring the highest score of any operator in Europe. Amro Estudiantes is Amro Partners ' Iberian student housing operating platform.   Key Highlights:   📊 Highest student satisfaction among European operators surveyed 🏘️ Exceptional accommodation and services enhancing student life 🌱 Commitment to sustainability and student well-being   This milestone accomplishment reflects Amro Partners’ / Amro Estudiantes' dedication to providing high-quality living environments that truly make a difference in our students' lives.   We are grateful for the Amro team’s outstanding work and commitment to our student residents. #StudentAccommodation #PBSA #StudentWellbeing #ProudPartner Pablo Garcia-Morales Osorio Luis López-Quiñones García Teresa Herranz Gonzalez Pelayo Jiménez Menéndez Raj Kotecha Selina Williams Kai Huang Stephen So Angelo C. Wong Alexandra Davidson Min Chong Chia 谢明聪 Ben Willsher Jason Lamb Monicca Amar Torbjørn Flo Aasen

We are delighted to announce the relocation of our Hong Kong office to K11 ATELIER King’s Road in Quarry Bay. This relocation marks a significant milestone for our team as IPIM continues to grow and better serve its clients. By providing our employees with an inspiring environment that fosters creativity and teamwork, we believe our new office reflects our commitment to innovation and collaboration. As one of the World’s First Triple Platinum certified buildings in WELL, Hong Kong BEAM Plus and the U.S. LEED, K11 ATELIER King’s Road provides state-of-the-art facilities and a healthy atmosphere for our team to deliver exceptional investment solutions.   We look forward to welcoming clients and partners to our new office. A big “Thank You” to everyone involved in making this move a reality. #IPInvestmentManagement #NewOffice #HongKong #K11Atelier #GreenBuilding #HealthyBuilding Selina Williams Annie Hu Alan Lam Kai Huang Stephen So Angelo C. Wong James Leung Samuel Tsang Min Chong Chia 谢明聪 Ben Willsher Jason Lamb Monicca Amar Torbjørn Flo Aasen

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Our Head of Investment Selina Williams was delighted to speak with Silvia Saccardi from Real Estate Capital Europe to share our views on the opportunities in the Spanish PBSA market.

IPIM Secures €19.15M Development Loan for Valencia Student Housing Project We are pleased to announce that Fiera Capital has provided a €19.15m construction loan for our 221-bed purpose-built student accommodation (“PBSA”) scheme in Valencia. Amro Valencia Puerto, the development, is a collaboration between IP Investment Management, Heed Capital SGOIC, S.A., and Amro Partners . This fully electrified asset aims for best-in-class ESG certifications such as BREEAM Outstanding, EPC A++, Fitwel 3 Star, and Platinum WiredScore – all highest possible standards, which would make it one of Spain’s most energy efficient PBSA projects. The €30M (Gross Development Value) project is planned to deliver 221 beds and 19 car parking spaces with a mix of room layouts comprising of ensuites, twodios and studios. Planned amenities include laundry, cinema, study room, dining room, gym, common room, bicycle storage, and a courtyard. The development site is located within a 15-minute walk from the University of Valencia, where there are more than 55,000 students enrolled, and is conveniently located next to public transport. Additionally, five universities are within 30 minutes of the scheme, ensuring a vibrant student community. The project broke ground in April 2024 and completion is targeted for December 2025. This transaction marks the second deal for IPIM’s Iberian Student Living Fund, following the successful launch of our 151-bed student housing scheme in Porto, Portugal, which reached 95% occupancy earlier this year, within 3 months of opening. #Valencia #StudentAccommodation #PBSA #ConstructionUpdate #Sustainability #IPIM

We are delighted to announce the recent £29m sale of our prime purpose-built student accommodation (“PBSA”) asset to Curation Capital, a UK real estate investment manager. The property is an institutional-grade PBSA scheme in the heart of Newcastle's vibrant Quayside area comprising 416 beds with 85% en-suite rooms and 15% studios, complemented by on-site cinema room, laundry facilities, and bicycle storage.    Curation Capital, a subsidiary of Steyn Group, has been active in the UK PBSA market recently acquiring operational assets in London, Manchester, Nottingham and Birmingham in partnership with Patron Capital.   IPIM acquired the building in 2018 as a value-add investment, adding 30 additional beds to the scheme and replacing the operator. To date, IPIM has acquired / developed over 2,740 PBSA beds totalling over £315 million of institutional quality PBSA asset in 11 UK regional markets. Previous to this disposition, the company sold two fully stabilised PBSA developments to Brookfield in Q4 2021 / Q1 2022.    Selina Williams, Executive Director at IPIM said: “We are pleased to have worked with the team at Knight Frank to successfully execute the sale of this high-quality PBSA asset in Newcastle. The property has performed well and attracted strong interest from investors, reflecting the positive fundamentals of the UK student housing market. This transaction represents an attractive outcome for our investors, and we look forward to exploring new opportunities to continue growing our PBSA portfolio." Mansion Property Management Limited Josh Woolley Luke Shackleton Ben Duke Angelo C. Wong Kai Huang Stephen So James Leung Min Chong Chia 谢明聪 Sai Naren Navani Ben Willsher Jason Lamb Monicca Amar Torbjørn Flo Aasen #pbsa #studentaccommodation

Construction is progressing well at our Valencia student accommodation site. Since the last update:   🚧 Foundations started ✅ 🧱 Party wall installation underway ✅ ⌛Project on schedule ✅    We look forward to welcoming our new residents to Valencia and building a vibrant student community! 🎉   📊 Market Insight: Recently, JLL released their Q1 2024 Spain Student Housing report, highlighting a significant market supply / demand imbalance. The report notes:   There is a shortage of over 482,000 beds across Spain, with recent supply at only 111,420 beds for over 1.4 million on-campus students. International student enrollment rose by 8.2% for the 2022-2023 academic year, contributing to the growing demand.   Our Valencia project is a crucial step in addressing the chronic shortage of modern high-quality student housing that students need.    Stay tuned for more updates! ¡Brindemos por este logro! 🥂   #ValenciaProject #StudentAccommodation #ConstructionUpdate #Teamwork #Progress #Sustainability Heed Capital SGOIC, S.A. Amro Partners Selina Williams Stephen So Angelo C. Wong Kai Huang James Leung Min Chong Chia 谢明聪 Sai Naren Navani Ben WillsherJason Lamb Monicca Amar Torbjorn Flo Aasen Luis López-Quiñones García Pelayo Jiménez Menéndez Juan Carlos Sanz Prat Pablo Garcia-Morales Osorio Gustavo Caiuby Guimarães Joaquim Luiz Gomes Nuno Pinto