DeA Capital Real Estate and Invesco invest in French PBSA

DeA Capital Real Estate and Invesco Real Estate have partnered with Banque des Territoires' "Agile Programme" to expand the supply of student housing in France. 

Paris

This collaboration aims to address the shortage of high-quality student accommodation by developing sustainable, Grade A buildings near major universities that meet high ESG standards.
European student housing operator Camplus will manage the portfolio, with a focus on modern design and operational excellence. The investment platform has already secured four prime sites in major student cities—Paris-Saclay, Cesson-Sévigné (Rennes), Bordeaux, and Toulouse—totalling approximately 1,000 beds, with an additional three assets in Paris and the Paris region under acquisition for nearly 800 more beds.
Invesco is the majority shareholder through its Europe Fund III, while DeA Capital Real Estate further solidifies its position in the PBSA sector. The involvement of Banque des Territoires will help scale the platform and accelerate the creation of a high-quality PBSA portfolio across key French university cities.
Alexandre Rochet and Paul Joubert, respectively director of Transactions and managing director France at Invesco Real Estate, stated: “France has one of the largest student populations in Europe, with strong demand and solid growth prospects. We address this structural need by targeting central locations in France’s main university cities. We are very pleased to announce these off-market opportunities, assembled in less than 18 months into a portfolio of prime student residences, in partnership with DeA Real Estate and Banque des Territoires.”
Pierre Julin and Emanuele Dubini, respectively managing director and global CIO at DeA Capital Real Estate, commented: “We are excited to announce this new project, which highlights our deep expertise and strong commitment in this asset class. Our ability to source off-market opportunities and design tailor-made products with established developers is a key strength. This strategic joint venture with Invesco and Banque des Territoires will reinforce our market position and further establish DeA Capital Real Estate as a leading player in the dynamic living segment”
Barbara Monreal Munoz and François Gerst, respectively deputy director of the Real Estate Department and Hospitality Investor at Banque des Territoires, concluded: “Banque des Territoires is pleased to strengthen its commitment to student housing through this strategic partnership with Invesco and DeA Capital Real Estate. This project is fully aligned with our Agile programme, which aims to accelerate the creation of accessible and sustainable student beds to meet the growing needs of young people across the country, providing living conditions that are suitable and essential for the pursuit of their studies.”