PBSA

Landmark PBSA next to Groningen University Campus

RHC partner with #1 developer in the Netherlands to deliver landmark PBSA scheme.

The Development

RHC targeted an opportunity to expand the limited supply of Purpose Built Student Accommodation in the University town of Groningen.

We managed an end to end turnkey solution from acquisition to occupation, to deliver studio and shortstay apartments.

698

Beds

17450

sqm

€76.7M

GDV

Development Success

Delivered Early

Delivered Early

Programme optimised to beat business plan and permit early occupation of units 4 months early.

Additional income in excess of €780,000 secured for JV.
Considered Design

Considered Design

RHC Development harnessed expertise of integrated Operating Partner, Nido Student, to carefully manage scope changes to optimise amenity spaces to suit student needs.
Risk Transference

Risk Transference

Construction risks were successfully transferred to local development partner whilst maintaining governance and control through implementation of our proprietary Global Control Process.

ESG

Responsible development

Our company values and strategies are intertwined with our approach to ESG, ensuring that we deliver our development goals, while supporting the issues that are important to our business partners and wider society.

Learn more about our approach

What our partners say

Seb D'Avanzo

We are delighted to have completed this second investment into the student housing sector in the Netherlands, a market with strong fundamentals and poised for future growth.

Seb D'Avanzo
Director, KKR

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