Hines Portugal Acquires Student Residence in Porto
Deal News | Apr 23, 2025 | Hines Interests LP
Hines, a private equity firm, has marked its entry into the Portuguese market by acquiring a new purpose-built student accommodation (PBSA) project in Porto. This acquisition was executed through the Hines European Property Partners (HEPP) fund, emphasizing the firm's commitment to investing in the living sector in the Iberian Peninsula. The seller, Garcia, is a Portuguese construction company known for their design and build expertise in various sectors, including student housing. The asset under acquisition plans to include 573 beds and will be operated by Hines' international student accommodation platform, aparto. Strategically located on Porto's Asprela university campus, this student residence expands Hines' portfolio and highlights the company's strategic move into Portugal’s burgeoning real estate market.
Sectors
- Real Estate
- Education Infrastructure
- Private Equity
Geography
- Portugal – The acquisition marks Hines' first investment in the Portuguese market, specifically in Porto.
- Iberian Peninsula – Hines is reinforcing its commitment to the living sector specifically across the Iberian Peninsula, which includes Portugal.
Industry
- Real Estate – The article discusses the acquisition of a student accommodation project, which falls under the real estate industry.
- Education Infrastructure – As the project is a student residence, it directly relates to infrastructure supporting educational institutions.
- Private Equity – Hines is a private equity firm involved in the transaction, focusing on investment in student housing.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Hines Interests LP | Buying Company | Company | A global real estate investment, development, and management firm. |
| Garcia | Selling Company | Company | Portuguese construction company specializing in design and build projects. |
| Hines European Property Partners (HEPP) | Investment Fund | Company | The fund through which Hines made the acquisition. |
| aparto | Operator | Company | International student accommodation platform operated by Hines. |