Elva Ventures has been launched by John Diedrich – former Chief Investment Officer at CA Ventures. It is a new European platform dedicated to purpose-built student accommodation (PBSA) and already has a £200m development pipeline.
Over the next ten years, Elva Ventures is targeting 15,000 beds under management. The company is targeting the UK, Portugal, Spain and Italy initially, with the potential for this to expand further.
John has secured capital from high-net-worth individuals (HNWI) and family offices to fund Elva Ventures, with some previous investors of CA Ventures backing his new platform. With the capital in place, he’s wasted no time assembling a team of industry heavyweights.
Elva’s leadership is stacked with experience, and includes Mike Lee – Senior Vice President (previously led investments for CA Ventures European arm); Sinead Joice – Development Director (ex-CA Ventures and Round Hill Capital); and Paul Symons – Construction Director (ex-Knight Dragon and Unite).
Elva Ventures already has three sites – in London, Glasgow and Granada. These locations will provide 1,000 student beds and has a gross development value (GDV) of c.£200m.
The Granada project is set for completion in 2027 and the UK projects are expected to break ground later in the year. Meanwhile, discussions are also underway with forward-funding partners in order to deliver the projects.
Elva Ventures is aiming to redefine student living and is gearing up for major expansion, with more site acquisitions and funding rounds on the horizon. If all goes to plan, students across Europe could soon have access to new boutique student accommodation.
