Primevest acquires student housing asset in Groningen

Pan-European investment firm Primevest Capital Partners has acquired its first student housing asset in the Oostersingel/ Nieuweweg region of the Netherlands, purchasing a complex of 275 studios from developer Plegt-Vos-Bouwgroep.

Located in the city of Groningen, the 6,427 m2 asset is laid out over six levels, and is due for completion in September 2019. Primevest struck the deal on behalf of a European residential real estate mandate.

The buyer was assisted by CMS and BOAG, while Enschede legal firm Huizingh and MWPO advised the seller.

Asset and fund manager Primevest Capital Partners currently has €1.5b of assets invested across Europe and said it intended to further extend its activities in the residential sector.


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