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alternative Assets News: Spanish Real Estate Intelligence

Investment Funds Seek Land for Student Residences in Sevilla, Málaga & Granada
13 May 2019 - ABC de Sevilla According to CBRE Spain, many investment funds are searching for land in Sevilla, Málaga and Granada on which to build new halls of residence for students. Ideally, they want plots that are located close to the university campuses or in well-connected areas of those cities. Specialist student residence companies are also in the market for land, such as the company Syllabus by Urbania, which is actively looking for new plots in Sevilla and Granada. The British firm Amro is already working on two projects, in Granada and Sevilla, and is now searching for land in Málaga, as well as in Salamanca, Alicante, Bilbao and Barcelona. Similarly, Greystar, which is building a 322-bed hall of residence in Málaga, also wants to expand its footprint in Sevilla and Granada. Lack of beds for students In Spain, there are 1.5 million students, of which around 600,000 do not live in their home towns or cities. Nevertheless, there are less than 100,000 beds available for students and they are primarily located in Madrid, Barcelona, Salamanca, Granada, Valencia, Málaga and Sevilla. Moreover, most of the existing supply is obsolete. The need to expand and renew the stock is clear. Original story: ABC de Sevilla (by María Jesús Pereira) Translation: Carmel Drake
 
Temprano Capital Partners to Double its Portfolio of Student Residences in Three Years
25 April  2019 – Eje Prime Temprano Capital Partners, a Spanish investment firm, plans to double its portfolio of student residences, through its subsidiary Temprano Student Living (TSL). The planned investments would increase its portfolio to more than 7,000 beds within three years. TSL currently has 3,500 beds spread between ten ongoing projects, including those under development and others in operation. TSL’s student residences are located in Lisbon, Porto, Coimbra, Barcelona, ​​Granada, Seville and Valencia.  TSL plans to open two new developments in Barcelona and Porto by the end of 2019, in partnerships with CPA 18 Global and Carey European Student Housing Fund. The Barcelona residence is located ​​next to the Finistrelles shopping center. The 10,500-m2 asset will consist of 372 studios. The project in Portugal will have 580 studios spread over a 20,000-m2 area. Original Story: Eje Prime Translation/Summary: Richard D. Turner
 
Temprano Capital Appoints Livensa Living to Help with Marketing, Sales & Operations

22 April 2019 - Press Release

Temprano Capital Partners, in partnership with CPA®:18 – Global and Carey European Student Housing Fund I, LP, has appointed Livensa Living, powered by CRM Students, to undertake marketing, sales and operations for their openings in 2019 in Barcelona and Porto.

Livensa Living is an Iberian based sales and marketing platform focused on student accommodation.

CRM Students is a leading, international student accommodation manager operating over 50 student residences, totalling more than 23,000 beds.

With this appointment, Temprano Capital Partners, as developer and co-investor with CPA®:18 – Global for Barcelona and Carey European Student Housing Fund I, LP for Porto, aims to provide best in class management solutions and student experiences across its growing portfolio of operating assets.

Temprano Capital Partners currently comprises a portfolio of 10 projects, either operating or under development, across Iberia’s best university cities and 3,500 rooms. It aims to double this number over 3 years.

CPA®:18 – Global and Carey European Student Housing Fund I, LP are currently developing 8,500 beds across 19 properties in Spain and Portugal.

Both projects, Livensa Living U. Porto Campus and Livensa Living Barcelona Diagonal Alto, will be inaugurated in September 2019.

Livensa Living Barcelona Diagonal Alto, acquired in 2017, benefits from a privileged location 10 minutes from UB Barcelona University and UPC via a 24/7 tram service and adjacent to the Finistrelles Shopping Centre. This location will allow the residence to address the unsatisfied accommodation needs of students studying at various universities and educational facilities in Barcelona.

The project will have 372 premium studios in a 10,500 sqm building. In addition to its superior common areas, the property has an incredible roof terrace which will include a chill-out area, a secret garden, an open-air gym and yoga space, a premium bar, an outdoor concert stage and an infinity swimming pool benefitting from amazing, panoramic views across the city of Barcelona.

Livensa Living Porto Campus, also acquired in 2017, is located on Rua Dr. Manuel Pereira da Silva in Porto. It is strategically located in Asprela´s University Campus accounting for approximately 75% of all university students in Porto. The residence is located next to the metro station Universidade making it a superbly connected site.

The project will provide 580 premium studios in a building of two wings 20,000 sqm with a large landscaped central courtyard housing a landscaped garden, a gym and yoga area, a large terrace with bar and a swimming pool.

Original story: Press Release

Edited by: Carmel Drake