alternative Assets News: Spanish Real Estate Intelligence

Henderson Park and Hines Acquire Land in Barcelona’s 22@ for New Student Residence
19 July 2019 – Richard D. K. Turner Henderson Park and Hines have acquired several plots of land in the 22@ area of Barcelona, ​​ to build a 350-bed student residence, a 3,610-m2 office building and a 176-m2 store. The project is the partner’s third development together and is expected to be ready in time for the 2020 student year. Original Story: Expansión - Rocío Ruiz
Azora, Banca March & Indosuez Behind Adriano Care Socimi
July 2019 – Richard D. K. Turner Azora, Banca March and Indosuez have joined together to create a new socimi, Adriano Care. The socimi is forecast to invest approximately 250 million euros to acquire a portfolio of residences for senior citizens. Adriano Care has already identified potential investment opportunities worth €600 million, and has nearly concluded negotiations for €100 million of those. Original Story: Cinco Dias
Syllabus Will Build a New 220-Room Student Residence in Sevilla
10 July 2019 – Richard D. K. Turner Syllabus, a subsidiary of Urbania specialising in student residences, will invest fifteen million euros in a new dormitory in Sevilla. The new project will consist of 220 rooms, with a surface area of ​​6,150 square meters. The residence is expected to open to students for the 2021-2022 school year. Syllabus is looking to manage up to 2,500 beds in in Spain and Portugal’s main university cities, attempting to partially fill the current lack of supply. In parallel, Urbania recently signed a contract for the US group Greystar to manage the Syllabus residences in Spain. Original Story: Eje Prime