Student housing is just starting to become an investable asset class in CEE but it’s already facing stiff competition, delegates heard at Real Asset Media’s CEE Student Housing and Co-Living Investment Briefing, which was held last week at the offices of CMS in the City of London. It is not competition between investors, however. […] The number of investors who want to buy student housing in CEE is ‘off the chart’, but most of them don’t want to develop and don’t want to operate.
It will be smaller groups investing in the sector in the foreseeable future. ‘If there was enough scale the large PE groups would come in, but they need a €100-200 mln price tag at least and also a portfolio in different cities,’ said Luke Dawson, Managing Director & Head of Capital Markets CEE, Colliers International. ‘They will not move for a €20 mln asset, so until we get some scale only the smaller players will be active in the market’.