People Moves: Amro Partners appoints Senior Managing Director
Media Article (Property Magazine International) - Amro Partners appoints Rainer Nonnengässer as Senior Managing Director, to lead its drive into new European student housing markets - including Germany, the Netherlands and Austria.
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 purpose-built student accommodation (PBSA) track record, which now comprises over 3,100 beds across 12 transactions.
"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." - Rainer Nonnengässer, Senior Managing Director, Amro Partners
Rainer brings with him over ten years' experience in continental European PBSA and micro living. In his previous role as Executive Chairman and CEO of International Campus Group, Rainer 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 this, Rainer held leadership roles with MPC Micro Living Development, Staytoo Apartments, Youniq and AXA Real Estate.
"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." - Raj Kotecha, Co-Founder and CEO, Amro Partners
Over the course of this decade, Amro Partners is focused on becoming a major player in the European PBSA market, 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, the company 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.
Source: Property Magazine International