Student Properties to Promote a New Hall of Residence in the South of Spain

25 January 2019 – Eje Prime

Student Properties is continuing to grow its portfolio. The company has approved a series of measures at an Extraordinary Shareholders’ Meeting to undertake the development of a new hall of residence in the south of Spain, according to a statement filed by the company with the Alternative Investment Market (MAB).

The company has approved the incorporation of a property dedicated to student halls, which will be promoted in a town in the south of Spain.

It has also approved to submit “a capital increase through a non-monetary contribution, through which the company will become the sole shareholder of the company that owns the property through the exchange of shares in the company for shares in the company that owns the property” to a future General Shareholders’ Meeting.

The company, which specialises in the acquisition and management of halls of residence for students, is owned by: Altamar Capital Partners, which deals with the global management of alternative assets; Amira Real Estate, which specialises in the management of real estate assets and investments; and Elcano Servicios Patrimoniales, which specialises in the provision of real estate services.

Original story: Eje Prime

Translation: Carmel Drake

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