• Transaction / Assets
    Campus Diagonal Hall of Residence
  • Seller
    Life
  • Buyer
    Xior
  • € MM
    25

Xior Buys Campus Diagonal Hall of Residence from Life for €25M

13 March 2019 – Idealista

The Belgian student hall operator Xior has reached an agreement with Life, the firm specialising in the development of rental assets, to take control of the UPC Campus Diagonal-Besòs hall of residence project. The deal still needs to be approved by the Town Hall of Barcelona and has involved an investment of more than €25 million.

Once completed, the hall of residence will have a surface area of 6,000 m2, distributed over eight floors, with capacity for 300 beds. Life has invested €14 million in the project, which has a land concession for the next 50 years (until 2067) and which is expected to open in time for the 2019-2020 academic year.

The building will be equipped with common areas, such as a music room, a gym, a cafeteria, a restaurant and bicycle parking. It will have plenty of natural light, be surrounded by garden areas and it will have a swimming pool.

Original story: Idealista (by Custodio Pareja)

Translation: Carmel Drake

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