Shiraz Jiwa, chief executive for the Valesco Group, the UK and European specialist real estate manager with assets under management of €2.5 billion, has revealed an investment drive into purpose-built student accommodation in London.
The group, which is backed by sovereign and institutional investors predominantly from Asia and the Middle East and headquartered in London, has mostly made major office acquisitions in recent years.
Speaking to CoStar News at the Mipim conference, chief executive Shiraz Jiwa, who founded Valesco in 2018, said no size had been attached to the opportunistic drive but that the group would create its own operating platform as well as working with leading operators in the space.
He also explained why the group has gone big on European offices in recent years and why he is targeting German price dislocation.
Check out the video above to hear more of Jiwa's thoughts about prospects across the United Kingdom, Europe, the Middle East and Africa.