Amro Partners and Falco Capital have successfully secured financing for their collaborative student housing endeavor in Alicante. The ambitious project has received a substantial €17.5 million development loan from Fiera Real Estate, spanning a period of three years.
Distinguished as Amro Estudiantes Alicante, this pioneering PBSA (Purpose-Built Student Accommodation) complex stands out as the premier development in Spain to embrace Passivhaus design principles.
Emphasizing sustainability and environmental consciousness, the project entails significant investments in fabric efficiency, renewable energy technologies, and advanced solar control mechanisms. These initiatives are meticulously aligned with the stringent carbon emissions reduction goals outlined in the Paris Agreement, striving to adhere to the 1.5-degree Celsius pathway.
The core objective of Amro Estudiantes Alicante revolves around achieving unparalleled energy efficiency. With an unwavering commitment to minimizing environmental impact, the development aims for an exceptional energy use intensity of approximately 100 kWh/m² per year. This target encompasses stringent Passivhaus standards, including cooling and heating demands that are markedly below industry benchmarks.
By integrating state-of-the-art technologies and sustainable design practices, Amro Estudiantes Alicante epitomizes a paradigm shift in modern construction. Beyond providing essential student accommodation, the project serves as a beacon of innovation and eco-consciousness in the real estate sector.
Stay tuned as we delve deeper into the groundbreaking initiatives and transformative impact of Amro Estudiantes Alicante, setting a new standard for sustainable urban living in Spain.
In its inaugural foray into the Spanish lending landscape, Fiera Real Estate finds itself captivated by Amro’s illustrious history of spearheading environmentally conscious PBSA (Purpose-Built Student Accommodation) developments. The allure of Amro’s sterling reputation, coupled with the project’s noteworthy environmental, social, and governance (ESG) credentials, including accolades such as BREEAM ‘Outstanding’, EPC A++, Fitwel 3*, and WiredScore ‘Platinum’, proved irresistible to Fiera Real Estate.
Raj Kotecha, the Chairman and CEO of Amro Partners, expressed his enthusiasm, stating, “Our strategic vision to curate Europe’s foremost sustainable real estate portfolio is yielding remarkable results, evidenced by the caliber of global lenders now gravitating towards our projects. Collaborating with Fiera Real Estate on their inaugural PBSA venture in Europe is a testament to our shared commitment to excellence. We eagerly anticipate the realization of this exemplary student housing asset, strategically positioned in close proximity to Alicante’s primary university hub.”
The convergence of Fiera Real Estate’s maiden venture into the European PBSA sector and Amro’s steadfast dedication to sustainability heralds a momentous collaboration. This partnership not only underscores the growing importance of ESG considerations within the real estate investment sphere but also signifies a pivotal milestone in the evolution of sustainable urban development practices.
As the industry witnesses the convergence of financial prowess and environmental stewardship, the Amro-Fiera alliance stands as a beacon of innovation and conscientious investment. Stay tuned as this partnership unfolds, promising to redefine the landscape of sustainable real estate development in Spain and beyond.
Embarking on its maiden voyage into Spain’s lending arena, Fiera Real Estate finds itself drawn to Amro’s rich legacy of pioneering eco-conscious PBSA (Purpose-Built Student Accommodation) ventures. The irresistible allure of Amro’s sterling reputation, coupled with the project’s remarkable environmental, social, and governance (ESG) credentials, boasting prestigious accolades like BREEAM ‘Outstanding’, EPC A++, Fitwel 3*, and WiredScore ‘Platinum’, has firmly captured Fiera Real Estate’s attention.
Raj Kotecha, Chairman and CEO of Amro Partners, exudes enthusiasm as he articulates, “Our strategic endeavor to curate Europe’s preeminent sustainable real estate portfolio is yielding remarkable dividends, evident in the caliber of global financiers now flocking to our ventures. Teaming up with Fiera Real Estate for their debut PBSA venture in Europe underscores our mutual pursuit of excellence. We eagerly anticipate the fruition of this exemplary student housing asset, strategically nestled near Alicante’s primary university hub.”
The convergence of Fiera Real Estate’s inaugural European PBSA endeavor and Amro’s unwavering commitment to sustainability marks a significant milestone. This collaboration not only underscores the escalating importance of ESG factors in real estate investments but also signals a transformative shift in sustainable urban development paradigms.
As the industry witnesses the fusion of financial acumen and environmental stewardship, the Amro-Fiera coalition emerges as a beacon of innovation and conscientious investing. Stay tuned as this dynamic partnership unfolds, poised to redefine the contours of sustainable real estate development, not only in Spain but also on a global scale.
