Amro and Invesco boost Iberian student housing

Amro and Invesco Real Estate are expanding their PBSA partnership with the acquisition of three new student housing projects in Spain. 

Amro - Valencia

These latest additions, valued at over €150 mln, will add more than 800 student beds by 2028.
The joint venture, initially launched in October 2024, already includes two projects in Madrid (166 beds) and Barcelona (400 beds), which are currently under construction and expected to open for the 2027 academic year.
The new projects include a 195-bed development in Malaga, featuring high-end amenities like a rooftop pool; a 342-bed scheme in Valencia, strategically located within a 15-minute commute of major university areas; and a 270-bed development in a prominent northern Spanish city, close to its historic centre.
These new sites are slated for completion by the 2028 academic year. The partnership's portfolio now totals approximately €230 mln in GVA and around 1,400 beds across five acquisitions, with further expansion anticipated.
All projects will prioritize top-tier ESG standards, aiming for certifications such as BREEAM Outstanding, Fitwel 3*, and WiredScore Platinum. They will also provide extensive amenities like gyms, canteens, study rooms, terraces, and green spaces to promote student well-being.
Raj Kotecha, chairman and CEO of Amro Partners, said: “We are delighted with the progress of the partnership with Invesco Real Estate, and we are working actively to grow this further. The Spanish market remains one of the most sought-after student housing destinations for institutional capital. We are confident that our vertically integrated capabilities across investment, development and asset management, underpinned by our data science-led approach, will allow us to continue delivering strong investment returns.”
Fernando San Juan, senior director, Investments, Spain at Invesco Real Estate commented: “These latest acquisitions reflect our conviction in the long-term fundamentals of the Spanish market, underpinned by strong demand, limited supply and growing institutional interest. Our focus remains on delivering high-quality, ESG-led assets that meet the evolving needs of students while generating resilient returns for our investors.”