The global arm of US real estate investment manager CA Ventures has revealed its business plans for Iberia (Spain and Portugal), which include the appointment of Steven Zijl as managing director for the region and an investment of €200m per annum in student accomodation in both countries.
Zijl joins CA Ventures from Eurostate Real Estate Partners, a private management company he founded in 2001, specialising in private investment and development of residential, student housing and healthcare real estate assets.
CA Ventures, which launched its European platform in September last year, has committed to spending €200m per annum in Spain and Portugal for Purpose-Built Student Accommodation (PBSA) and Built to Rent (BTR) projects.
The company is primarily focusing on university cities, including Madrid, Barcelona and Lisbon, as well as Valencia, Salamanca and Granada.
Carlo Matta, head of Europe, CA Ventures said: "Zijl's appointment reflects the latest move in our pan-European strategy to invest in the development of high quality, institutional grade assets in the PBSA and BTR sectors. With over twenty years of experience in the real estate sector and most importantly in Iberia, I am fully confident that Steven will lead our push into a new market with enormous potential.
"Our approach is institutional, focusing on cities with over 50,000 full-time students and investing in creating a new generation of student housing and build-to-rent schemes that are currently unavailable anywhere else in the market. As a vertically integrated real estate investment company, we control the process of investment, development to property and asset management allowing us to control risk and ultimately create lasting value for our investors."