Harrison Street Expands €18bn Alternative Real Estate Portfolio to Europe

Harrison Street, a leading real estate investment firm, is expanding its €18 billion portfolio of alternative real estate assets to Europe in 2024, targeting specialized sectors such as student housing, build-to-rent, life sciences, and healthcare, driven by growing demand and demographic trends. The expansion is expected to increase competition and innovation in the European real estate market, benefiting investors and consumers." This description focuses on the primary topic of Harrison Street's expansion to Europe, the main entity being the company, and the context of the growing demand for alternative real estate investments. It also highlights the significant action of the expansion and its potential consequences on the European real estate market. The description provides objective and relevant details that will guide the AI in creating an accurate visual representation of the article's content, such as images of European cities, student housing, or life sciences facilities.

author-image
Nitish Verma
New Update
Harrison Street Expands €18bn Alternative Real Estate Portfolio to Europe

Harrison Street Expands €18bn Alternative Real Estate Portfolio to Europe

Harrison Street, a leading real estate investment firm, has announced plans to expand its €18 billion portfolio of alternative real estate assets to Europe in 2024. The company, which has invested in specialized sectors such as student housing, build-to-rent, life sciences, digital infrastructure, healthcare, and self-storage in the United States since 2006, sees significant opportunities in the European market.

Why this matters: The expansion of Harrison Street's alternative real estate portfolio to Europe highlights the growing demand for specialized investment opportunities in the region, driven by demographic trends and technological advancements. This move may also lead to increased competition and innovation in the European real estate market, ultimately benefiting investors and consumers.

The move comes as demand for alternative real estate investments continues to grow, driven by favorable demographic trends, technological advancements, and shifting consumer preferences. Purpose-built student accommodation (PBSA), in particular, has proven to be a resilient asset class, attracting significant investment from institutional players.

The European PBSA market has seen several notable transactions in recent years, including PGIM Real Estate's acquisition of a portfolio from Unite Group plc. While Harrison Street's specific investment targets in Europe have not been disclosed, the company's track record in the US suggests a focus on high-quality, well-located assets in key university cities.

In addition to PBSA, Harrison Street's other areas of expertise, such as build-to-rent, life sciences, and healthcare real estate, are also expected to see strong growth in Europe. The company's experience in these sectors, coupled with its ability to navigate complex operational and regulatory environments, positions it well to capitalize on the expanding opportunities in the region.

As Harrison Street embarks on its European expansion, it will likely face competition from established players in the market. However, the company's long-term investment approach, sector-specific expertise, and strong track record of delivering attractive risk-adjusted returns for its investors may give it a competitive edge.

Harrison Street's planned expansion to Europe in 2024 underscores the growing appeal of alternative real estate investments and the potential for specialized players to thrive in the region. With €18 billion already invested in the US across various sectors, the company is well-positioned to make a significant impact on the European real estate landscape in the coming years.

Key Takeaways

  • Harrison Street to expand €18bn portfolio to Europe in 2024.
  • Company to target alternative real estate assets, including student housing.
  • European PBSA market seen as resilient, with growing demand.
  • Harrison Street's expertise in specialized sectors to drive growth.
  • Expansion expected to increase competition and innovation in European real estate.