Elix VRS Joins Forces with Urban Campus to Enter the Coliving Market

23 January 2020 – Eje Prime

Elix VRS, the Socimi controlled by KKR and Altamar, has reached an agreement with the French company Urban Campus to manage three of its properties in Madrid.

Specifically, Urban Campus, which specialises in managing shared spaces, will manage the three properties that the Socimi has purchased in the last month, which together span more than 6,500 m2.

To date, Urban Campus has 120 beds in two coliving spaces spanning more than 5,000 m2. Moreover, the company also manages two flexible work spaces and a foodlab in the Spanish capital. The company plans to invest between €150 million and €200 million in the construction of ten new centres, comprising 2,000 beds, over the next 5 years.    

Original Story: Eje Prime

Translation/Summary: Carmel Drake