CA Ventures, a real estate investment firm, has appointed Steven Zijl as managing director in Spain and Portugal. Zijl joins CA Ventures from Eurostate Real Estate Partners.
LONDON, 10 March 2020 – CA Ventures, the vertically integrated real estate investment company, with €12bn ($13bn) of assets, today announces the appointment of Steven Zijl as Managing Director in Spain and Portugal.
Zijl joins CA Ventures from Eurostate Real Estate Partners, a private management company he founded in 2001, specialising in private investment and development of residential, student housing and healthcare real estate assets.
With the integration of Eurostate’s residential and student housing activities, CA Ventures has created direct access to an extensive local network of partners, market knowledge and a substantial pipeline of potential projects, where the first are being executed in 2020.
CA Ventures, which launched its European platform in September last year, has committed to spending €200m per annum in Spain and Portugal for PBSA and BTR projects. The company is primarily focusing on university cities, including Madrid, Barcelona and Lisbon, as well as Valencia, Salamanca and Granada.
Carlo Matta, Head of Europe, CA Ventures said: “Steven’s appointment reflects the latest move in our pan-European strategy to invest in the development of high quality, institutional grade assets in the PBSA and BTR sectors. With over twenty years of experience in the real estate sector and most importantly in Iberia, I am fully confident that Steven will lead our push into a new market with enormous potential.
“Our approach is institutional, focusing on cities with over 50,000 full-time students and investing in creating a new generation of student housing and build-to-rent schemes that are currently unavailable anywhere else in the market. As a vertically integrated real estate investment company, we control the process of investment, development to property and asset management allowing us to control risk and ultimately create lasting value for our investors.”
Steven Zijl, Managing Director, Iberia, CA Ventures said: “I am truly excited with the integration of Eurostate’s student housing and residential business activities and to be joining CA Ventures as Managing Director in Spain and Portugal. The company has demonstrated substantial growth over the last decade and arrives to Continental Europe with thorough international market knowledge and the required development experience. CA Ventures’ equity commitment for the next few years will create a dominant position in a market segment that is still in its infancy compared with the US. With a general lack of adequate student accommodation and a growing number of international students, we will very much be focused on creating value for all participants in the process, from domestic students to international talent, shareholders to universities and municipalities. Investing long term and developing high quality schemes with cutting-edge amenities and a superior management service will be the key drivers to our success.”
NOTES TO EDITORS
About CA Ventures LLC
CA Ventures LLC is a global, vertically integrated real estate investment management company with more than $13 billion of assets across North America, South America, and Europe. The Chicago-based firm offers comprehensive in-house investment, development, and operational services, and specializes in a range of niche, commercial real estate asset classes including Purpose Built Student Accommodation (PBSA), Build-to-Rent (BTR), Senior Housing, Logistics, Office, Medical Office and Life Sciences. CA Ventures manages real estate investments on behalf of some of the world’s largest institutional investors across a range of core, value-add, and opportunistic investment vehicles. The firm also offers third-party management services for student, senior and residential assets. For more information, visit www.ca-ventures.com.