Valpre Capital and Katch Investment Group have launched a new circa £500m GDV purpose-built student accommodation (PBSA) platform.
The joint venture will focus on opportunities in London, Bristol and one or two additional major regional cities, and aims to deliver up to 1,500 student beds in the next few years.
The platform has been seeded with the 244-bed The Roc Club PBSA scheme at London’s Elephant and Castle and the partners said they had assembled a strong pipeline of projects and expected to announce further acquisitions in the near future.
They added that they intended to work with a “select group” of experienced development partners to deliver “sustainable, design-led schemes offering students modern amenities and an enhanced living experience”.
Mazen AbouChakra, managing partner at Valpre Capital, said: “As forward funding remains scarce, well-capitalised equity has a unique opportunity to secure high quality PBSA developments at compelling entry points. Partnering once again with Katch Investment Group through this new platform gives us the scale and focus to deliver much-needed, best-in-class schemes alongside trusted developers. The sector’s fundamentals remain exceptionally strong, and investors with patient capital and conviction are well positioned to capture long-term value in this dislocated market.”
Youssef Sbai, managing partner at Katch Investment Group PERE, added: “We’re delighted to deepen our relationship with Valpre Capital. By focusing on London, Bristol and other key regional cities, we are targeting markets with the strongest demand and working with experienced developers and operators to deliver projects that add real long-term value for students, communities, and our investors. The existing pipeline gives us confidence in the platform’s ability to scale and reach our target GDV of circa £500m.”
