CHSH advises Value One on its EUR 600 million student accommodation joint venture
Led by Real Estate Transactions Partner Manfred Ton, CHSH advised value one holding AG in connection with its joint venture with Nuveen Real Estate. The joint venture was established to invest EUR 600 million in in pan-European purpose-built student accommodation. One standing investment in Vienna and two developments in Lisbon and Porto to be delivered over the next two years, were secured at the start of the joint venture.
"We're extremely pleased that Value One chose to rely on the expertise of CHSH when it took this significant step", said Manfred Ton.
Addleshaw Goddard (UK) and Morais Leitão, Galvão Teles, Soares da Silva & Associados (Portugal) also acted as legal advisors to value one.
With its headquarter in Vienna, Value One has over 20 years' experience in the real estate business. It develops and realises projects with an investment volume of over EUR 2 billion across Europe. Current projects and products include, among others, Viertel Zwei and MILESTONE – a brand of student and serviced microliving accommodation currently with eight locations in three countries. Nuveen Real Estate is one of the world's largest real estate investment managers with assets under management (AUM) valued at approximately EUR 107 billion.