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APG INVESTS €100M IN THE STUDENT HOTEL
The Student Hotel is pleased to announce that APG, the asset manager for the Dutch pension fund ABP, with an invested capital of €356 billion, one of the largest pension funds in the world, has made a €100 million equity investment in the hybrid student housing and hotel brand, investing in a diverse European real estate portfolio.

Corien Wortmann-Kool (chairman ABP) and Charlie MacGregor (founder of the The Student Hotel) in The Student Hotel Amsterdam-West.
This APG investment will raise the equity capacity of The Student Hotel group to €250 million. The group will invest more than €600 million in the coming 3-5 years.  This spending has already started with the successful acquisition of a 20,000 m2 vacant office building in Florence.

Investing in Europe
Scottish entrepreneur Charlie MacGregor, 39, founded The Student Hotel.  Headquartered in Amsterdam in 2006, the company provides full-service, state-of-the-art accommodation with all-inclusive rates to students, trainees and travellers. The Student Hotel currently operates over 2,750 rooms across six cities. It opened its first operation as The Student Hotel in Rotterdam in 2012, which recently doubled its capacity to 485 rooms to satisfy increasing demand. The Student Hotel Amsterdam West is the largest hotel in the Benelux, with 707 rooms. In the summer of 2014 a fourth location, with 310 rooms, was opened in The Hague.
 
This August, the first phase of the Student Hotel’s 574-room flagship hotel, named Amsterdam City,  opened its doors. Also, under the brand Melon District, The Student Hotel operates 597 rooms in Barcelona and 191 in Paris. Plans are underway to open further properties across Europe, bringing to life The Student Hotel’s vision for a network of welcoming hubs where students from a variety of different academic institutions can make connections across the academic and social spectrum. The European expansion was initiated after an earlier equity commitment of €150M by Perella Weinberg Real Estate Fund II LP in 2014.
 
The company will focus on expanding in leading European university cities throughout the Netherlands, Germany, Great Britain, Italy, Scandinavia, France and Spain to attract international students, young professionals, and youth travellers, and to help rejuvenate European cities.
 
The ambition of The Student Hotel is to create a EUR 1 billion, core real estate portfolio, totalling over 10,000 rooms by the year 2020. Two locations are currently under development in Eindhoven and Groningen. The acquisition of a 20,000-m2 vacant office building in Florence will be finalized early October.
 
APG believes that The Student Hotel is one of the most exciting concepts in student accommodation today and looks forward to supporting the future growth of this successful concept in the European market. “We think that the European student housing market offers a very compelling investment opportunity.” says Robert Jan Foortse, Head of European Property Investments at APG Asset Management.  â€œThe increasing international student mobility and integrated European education market requires flexible and high quality accommodation with trusted brands such as The Student Hotel to be available in leading university cities.”
 
A beneficial partnership
The Student Hotel’s mission is to provide flexible accommodation to a growing number of creative and community-focused international students moving throughout Europe. The Student Hotel houses students, young professionals and youth travellers from many different nationalities in each hotel. The Student Hotel believes that building these diverse and future-focused international communities will improve Dutch and European cities, and help create a safe and inspiring space for tomorrow’s entrepreneurs and thinkers to explore their passions.
 
ABP-chair Corien Wortmann-Kool comments: “By investing in The Student Hotel, ABP supports the attractiveness of Dutch and other European university cities for local and international students. The fact that The Student Hotel rehabilitates old buildings, creates accommodation and regenerates neighbourhoods with new jobs and community facilities is, for ABP, an extra reason to invest.”

Charlie MacGregor, Founder and CEO of The Student Hotel says: “The capital increase will allow The Student Hotel to address the shortage of quality accommodation across Europe to meet local and international student needs through the accelerated roll out of our innovative accommodation model.”
 
The Student Hotel Rotterdam                                          The Student Hotel Rotterdam


The Student Hotel Amsterdam-West                                         The Student Hotel Amsterdam-West



The Student Hotel The Hague           The Student Hotel The Hague                            Bazaar of Ideas The Hague


The Student Hotel Amsterdam-City                                                                         The Student Hotel Amsterdam-City



Opening February 2017: Eindhoven                                                           Opening September 2016: Groningen


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NOTE TO THE EDITOR

About The Student Hotel
The Student Hotel is where the needs of the demanding 21st century student and the design-savvy traveller of today meet in dynamic harmony. By fusing luxury, long-stay student accommodation with short-stay facilities for the social globetrotter, The Student Hotel is pioneering a modern hybrid in hospitality, the likes of which have never been seen before. www.thestudenthotel.com
 
About ABP
The General Pension Fund for Public Employees (ABP) is the industry-wide pension fund for employers and employees of government and educational institutions in the Netherlands. ABP has 2.8 million participants and € 356 billion in available assets (as of June 30, 2015).
www.abp.nl/en
 
About APG Asset Management N.V.
APG Asset Management N.V. is a pension asset manager in the Netherlands. APG’s Dutch pension fund clients and 4.5 million active and retired participants from the public and private sectors represent over 30% of all collective pension schemes in the Netherlands. APG Asset Management N.V. manages pension assets of more than €400 billion. For further information visit: 
www.apg.nl/en

For more information:

Kult&Ace PR Agency
Darla van Hoorn, +31 6 20091312
darla@kultandace.com


The Student Hotel
Frank Uffen +31 6 47504947
frank@thestudenthotel.com
 

ABP Communication
Jos van Dijk, +31 6 13329224

jos.van.dijk@abp.eu
 
APG
Harmen Geers, +31 20 60 49136

harmen.geers@apg.nl