Fiera Capital's European real estate debt arm has entered the Spanish lending market with a development loan for a student housing project by Amro Partners and Falco Capital.
Amro Partners and Falco Capital have secured a three-year development loan of 17.5 million euros from the Fiera European Real Estate Debt Fund for Amro Estudiantes Alicante, a €30 million purpose-built student accommodation (PBSA) project in Alicante. secured the euro. The Amro Estudiantes Alicante project is expected to be completed in the third quarter of 2025.
David Renshaw, co-head of Fiera's European real estate fixed income business, said: Since joining Fiera, we have maintained a consistent investment approach. We support best-in-class management teams and finance fundamentally good properties in sectors that are experiencing supply shortages and have positive long-term prospects.
“AMRO has a proven track record of providing best-in-class student accommodation and we look forward to building on our very successful relationship.”
Charles Allen, head of European real estate at Fiera Real Estate, said: “Our European debt strategy is an important portfolio diversification measure that leverages the new macroeconomic regime and Fiera's global expertise in this area. There is,” he said.
“This transaction demonstrates the fundamental appeal of our model in providing creative financial solutions for sponsors and providing investors with a stable source of inflation-linked income in a resilient asset class. I am.”
Raj Koteka, Chairman and CEO of AMRO Partners, said: “Our strategy to build Europe's most sustainable residential real estate portfolio is to attract the highest quality global financial institutions. We are achieving results in that respect.”
“We are delighted that Fiera Real Estate has made its PBSA debut in Europe and look forward to delivering this exemplary student housing asset in a prime location close to Alicante's main university centre.”
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