9 April 2019 – Eje Prime
Greystar is planning to invest €200 million in halls of residences for students in Spain over the next two or three years, and is also seeking to diversify into the management of rental homes.
In the student hall sector, the US firm wants to invest €200 million in the creation of 2,000 beds by 2022 and expand its presence from Madrid, Barcelona and Málaga, to other student towns.
Meanwhile, in the rental home sector, the US company already operates in ten countries around the world, where it administers more than 500,000 homes. In Spain, it plans to launch this business before the end of 2019.
Greystar specialises in the market for multi-family accommodation and halls of residence for students. The company manages 118,500 student beds around the world, of which 50,000 are in Europe.
Original story: Eje Prime (by Milana Mishchenko)
Translation/Summary: Carmel Drake