Round Hill Capital has undertaken the transaction through the Round Hill European Student Accommodation Fund, which is set up last year with Canada Pension Plan Investments (Cppi) to invest €1 billion in student residences in Europe.
Specifically, it has strengthened its presence in Seville with the purchase from Corestate of a 413 beds and common areas centre in the Ramón Caranda area for €33 million. In Madrid, the Round Hill fund has acquired a turnkey 180-bed asset for €30 million, in the Plaza de Castilla area, which is currently could open in three-four years.
Ashurst’s Legal team was led, on the deal located in Madrid, by Real Estate partner Cristina Calvo, senior associate María Antonia de Prada and associate Félix Tirado, along with Tax parter Ricardo García-Borregón and junior associate Marina García-Vallejo; on the deal located in Seville, Real Estate partner Cristina Calvo, and associates Román Hierro y Félix Tirado, along with Tax senior associate José Carlos Rodea and Corporate and M&A junior associate Cristina López-Canosa.
