• Transaction / Assets
    Amro Acquires Building for Future Student Residence in Seville
  • Seller
  • Buyer
  • € MM

Amro Acquires Building for Future Student Residence in Seville

7 February 2019

The British company, which specialises in student residences, has plans for 5,000 new beds in Spain and Portugal, 3,000 of which are already under negotiation.

Amro Real Estate is going through its paces. The British company specialising in the development and management of student residences has just acquired a building in Seville where it will create accommodations for 332 university students, another step in the company’s expansion plans for Spain.

The company estimates that the refurbishment of the 9,300-square-meter building will begin this summer. The residence is expected to open in January 2021, with common areas, group study areas, a dining room, gym and parking.

Amro, which consulted with CBRE, was attracted to the complex’s location. Situated between the campuses of the universities of Seville, Pablo Olavide and Loyola Andalucía, it could serve any of the 38,600 students enrolled in the three schools.

Original Story: EjePrime

Translation: Richard Turner