Ardian and Rockfield Secure €300 Million for Student Accommodation Expansion
Deal News | Jun 03, 2025 | Ardian
Ardian and Rockfield have secured an additional €300 million commitment from CBRE Investment Management to expand their Purpose-Built Student Accommodation (PBSA) strategy across Europe. This boosts CBRE's total investment to €800 million, aiming for a total investment capacity of €1.3 billion. This expansion focuses on high-quality PBSA assets in university cities facing housing demand imbalances, such as Italy, the Netherlands, Spain, Portugal, Germany, and France. The strategy has already established a seed portfolio of over 3,000 beds, with more acquisitions planned. This initiative integrates sustainability practices aligned with ESG standards and the Paris Agreement, demonstrating strong investor alignment and market need for urban student housing solutions.
Sectors
- Real Estate
- Private Equity
- Sustainability
Geography
- Europe – The article focuses on investments in university cities across various European countries, including Italy, the Netherlands, Spain, Portugal, Germany, and France.
Industry
- Real Estate – The article discusses investments in the Purpose-Built Student Accommodation (PBSA) segment, a significant part of the real estate market.
- Private Equity – Ardian's role as a private investment firm focusing on student accommodations ties the article to the Private Equity sector.
- Sustainability – The focus on ESG certifications and alignment with the Paris Agreement brings in the sustainability industry interest.
Financials
- €300 million – The additional commitment from CBRE Investment Management to Ardian and Rockfield's student accommodation strategy.
- €800 million – Total commitment from CBRE Investment Management to the PBSA strategy.
- €1.3 billion – Total investment capacity for the student accommodation strategy with the current commitments.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ardian | Private Equity Firm | Company | A world-leading private investment firm partnering with Rockfield for the PBSA strategy. |
| Rockfield | Living Platform | Company | A vertically integrated living platform working with Ardian on the student accommodation strategy. |
| CBRE Investment Management | Investor | Company | A founding investor in Ardian and Rockfield's PBSA strategy, providing capital for its expansion. |