Amro Partners has appointed Rainer Nonnengässer as a senior managing director to grow its PBSA business in new European student housing markets, including Germany, the Netherlands and Austria.
Rainer brings with him over ten years’ experience in continental European purpose-built student housing and micro living.
In his previous role as executive chairman and CEO of International Campus Group, Nonnengässer was responsible for all acquisition, investment and asset management activity, steering IC Group to a sector leading position of c.8,000 PBSA beds across markets.
Prior to that he held leadership roles with MPC Micro Living Development, Staytoo Apartments, Youniq and AXA Real Estate.
Working alongside chairman and CEO Raj Kotecha, Rainer will spearhead an ambitious European expansion strategy that will see the residential living specialist build on the success of its existing Iberian PBSA track record, which now comprises over 3,100 beds across 12 transactions.
Amro is focused on becoming a major player in the European PBSA market over the course of this decade, meeting the growing need for high quality, sustainable, dedicated student housing as student populations continue to rise. Fully committed to becoming a net zero carbon business by the end of 2025, Amro pledges to target the highest possible sustainability, wellbeing and connectivity ratings for every project, creating the most ESG-friendly portfolio in Europe and setting a new benchmark for the sector.
Rainer Nonnengässer commented, “Amro’s reputation for creating best-in-class green residential assets is second to none. I’m pleased and honoured to be joining at this crucial time and look forward to helping create the next chapter in Amro’s success story in continental Europe.”
Raj Kotecha, co-founder and CEO of Amro Partners said: “Rainer brings superb know-how and experience of the new European PBSA markets we are entering, but equally important are his leadership skillset and his deep investment acumen. Everyone at Amro is thrilled to welcome him on board and we look forward to further significant growth in our European business during 2023.”