• Transaction / Assets
    Student residence, Madrid
  • Seller
    Corestate
  • Buyer
    GSA
  • € MM
    50

GSA Buys a Student Hall of Residence in Madrid for €50M

8 January 2020 – Expansión

The British student accommodation specialist Global Student Accommodation (GSA) has purchased a hall of residence in Madrid from Corestate for more than €50 million.

The Luxembourg-based fund purchased the asset at the end of 2016 and has since converted it into a modern residence with more than 300 beds. The property is located on Paseo de Juan XXIII in the Ciudad Universitaria area of Madrid and operates under the Youniq brand.

Original Story: Expansión

Translation/Summary: Carmel Drake

Currently, there are more than 90,000 beds in student halls in Spain, although that figure is expected to rise by 16,500 over the next four years with the addition of 47 new halls of residence.

Original story: Expansión (by Rebeca Arroyo)

Translation/Summary: Carmel Drake

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