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Round Hill acquires its third Dutch PBSA project in Leiden

Round Hill Capital has acquired a 703-bed student accommodation development, its third PBSA asset in the Netherlands. The project, which will provide 14,562 sq m of space, is located on Leiden Bio Science Park, part of the University Campus.

Construction will commence this year and the development should be ready for occupation in time for the 2023/24 academic year.

Round Hill said Leiden is among the top student cities in the Netherlands. Its student population is projected to grow by 13% by 2025, an additional 5,000 students, and the city already has a shortage of student rooms numbered in thousands.

Round Hill seeking more Netherlands opportunities

Round Hill Capital has been an active investor in the Dutch market and has several mandates and strategies in the residential and student sectors and including both speculative developments and yielding investments. The company said it is seeking further long term investments in the Netherlands and that such assets offer long-term resilience and attractive returns with acceptable levels of risk.

Round Hill Capital is raising additional capital with which to target student accommodation across Europe and the US.

“While the pandemic has caused some disruption to the lives of students and faculty, we still believe the long-term value drivers of investing in PBSA remain strong,” said Michael Bickford, founder and CEO of Round Hill Capital.

Since it was founded in 2002, Round Hill Capital has acquired and repositioned over 135,000 residential units and student housing beds for long-term institutional ownership.