Invesco Real Estate, the global real estate investment arm of Invesco Ltd. (NYSE: IVZ), and DeA Capital Real Estate, a leading European asset manager, announce the entry of Banque des Territoires into the capital of their investment platform to boost the student housing market in France.
This strategic partnership addresses the ongoing structural shortage of high-quality student housing, driven by growing student populations in major academic hubs. It aims to deliver sustainable, Grade A buildings that meet the highest ESG standards, including NF Habitat HQE certification at the “Excellent” level.
The developments will be located close to major universities and will benefit from immediate access to public transport. They will offer a living experience tailored to students’ needs through modern design and operational excellence. Camplus, a leading student housing operator in Europe and the number one player in the Italian market for over 20 years, has been appointed to manage the portfolio under a management contract model, ensuring consistently high-quality services and tenantt satisfaction.
The investment platform has already acquired four prime sites in France from leading developers, representing a total of approximately 1,000 beds. These investments are all located in top-tier student cities: Paris-Saclay, Cesson-Sévigné (Rennes), Bordeaux and Toulouse. Three additional assets in Paris and the Paris region are currently under acquisition, adding nearly 800 additional beds.
Invesco’s financial commitment, as the majority shareholder in the partnership, has been made through Europe Fund III, Invesco’s value-add investment vehicle, which is already well established in Europe with nearly fifty investments across ten countries and seven asset classes.
DeA Capital Real Estate is likewise strengthening its leading position in the PBSA (Purpose Built Surdent Accomodation) sector; this marks its sixth project within 18 months, reflecting a strong pipeline of opportunities across Europe, particularly in France and Spain, where it is already well established. Looking ahead, DeA continues to actively explore new growth opportunities in the student housing sector in France and across Europe, with the aim of creating value for both investors and the wider community.
The investment by Banque des Territoires, as part of its AGiLE programme, will enable the platform to scale effectively and accelerate the creation of a high-quality portfolio of purpose-built student accommodation (PBSA) assets in France’s key university cities.