The business report reveals that Nuveen, former Nuveen Investments, a subsidiary of TIAA which is an American asset company, is currently investing in the real estate market of the European continent. The company has announced in March 2019 that it is investing in student study in Vienna, Porto and Lisbon.
Jasper Gilbey, director of Nuveen, explains to FT that this investment is “a new strategy in Europe”. Jasper points out to more consistent income gains comparing to the revenue of the traditional classes of real estate assets.
In addition to Portuguese cities, Europe is increasingly attractive to these investors. The FT also referred to Brookfield, a Canadian alternative asset management company, last year bought a majority stake in the German company International Campus Group. In January, it also bought an asset in Paris. And at the end of last year, the KKR, the private equity group, acquired a second student residential project in the Netherlands as part of a joint venture with Round Hill Capital.
Keep in mind that TPG Real Estate and Round Hill Capital joined up to create a big residential project of 390 beds for students and about 250 apartments on a plot of 39,000 m2 at Campo Pequeno in Lisbon.
LaSalle Investment Management, which has 66 million dollars (59 million euros) globally, and is based in Chicago, invested in debts that finance student residences in Spain, in addition to its investments in the United Kingdom.
As Europe begins to integrate institutionalized student studies, the UK is moving to the next frontier: “co-life,” an investment strategy that applies some principles of student residency, outlined in the early ‘90s, for graduates in their twenties and thirty-some years.
About Portugal Homes
PortugalHomes.com specializes in selling Holiday Homes and Investment Properties. We help buyers find the right property overseas whether it be for Golden Visa, NHR, Investment or simply a place in the sun, our properties are selected with great thought in mind to give our clients the best opportunities, we offer the complete service from Introducing them to Legal Representatives, Currency Exchange, Mortgage Advisors, Property Management, Rental and Furniture Packages along with making sure all our staff are trained to fully understand the buying process and taxes for every scenario, we provide the complete service to anyone looking to buy a new or resale property overseas for holiday use or as a short or long-term investment.
To find out more, please contact us:
A Portugal Homes possui profissionais muito experientes e conhecedores, que trabalham com alguns dos promotores mais reconhecidos em Portugal . A nossa vasta experiência permite-nos guiá-lo pelas melhores opções de investimento.
Seja casa de férias ou uma propriedade para investimento, selecionamos as melhores propriedades para o seu perfil e tratamos de todo o processo do início ao fim. Mesmo após a venda! Os nossos serviços de pós-venda assumem a responsabilidade de mobilar a seu gosto, manter a propriedade na sua ausência, dar apoio ao arrendamento, no caso de querer arrendar e muito mais!
Para saber mais sobre Residentes Não Habituais em Portugal e sobre os nossos serviços pós-venda, preencha o formulário abaixo.