IP Investment Management’s Post

View organization page for IP Investment Management, graphic

4,507 followers

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

  • No alternative text description for this image
Matt Denness

Global Sales and New Business Development Director

2mo

Great news. Well done.

Congrats! Great to be involved in this fantastic project!!

See more comments

To view or add a comment, sign in

Explore topics