352
352
  • Transaction / Assets
    portfolio of student residences
  • Seller
    U.hub
  • Buyer
    Xior
  • € MM
    130

Xior Acquires Portfolio of Student Residences from U.hub for €130-Million

29 October 2019 – The Belgian firm Xior has reached an agreement with U.hub to acquire a portfolio of student residences for 130 million euros, in a deal in which it was advised by JLL’s Capital Markets department.

The €130 million deal, the largest transaction ever in the sector in Portugal, comprises a total of 1,900 beds, including four assets in Lisbon and two in Porto. The portfolio includes two existing student residences in Alvalade and Alameda in Lisbon, with a total of 98 beds. Two other projects, both currently under construction, consist of a 350-bed residence in Benfica, Lisbon; and another in Asprela, Porto (450 beds). Two other projects, with 500 beds each, are in the licensing phase, in the Lumiar area of Lisbon, and the Boavista area of Porto.

Original Story: Economia Online – Rita Neto

Adaptation/Translation: Richard D. K. Turner