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RCA: About 30% of institutions’ funds into apartments in 2020

The rental apartment sector, including student housing, took a record c30% share of European real estate investment by the Top 50 institutional property investors in 2020 according to latest Insights research report from Real Capital Analytics.

In part, this was due to Blackstone’s acquisition of the multibillion pound iQ student housing portfolio in London and Manchester last year.

But every year has its big deals and this simply underlines the depth and breadth of demand for a sector that has proved extremely resilient in the face of the challenges wrought by the Covid-19 pandemic, explained Tom Leahy, RCA senior director EMEA analytics.

“Five years ago, apartments accounted for just 10% of all European acquisition activity by the biggest institutional investors and the proportion has steadily increased since,” Leahy said.

“It is already a cliché, but the Covid-19 crisis has accelerated shifts in commercial real estate markets that were underway pre-pandemic,” he added.