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Syllabus and Invesco Developing Nine Student Residences in Spain and Portugal
21 October 2019 – Urbania’s subsidiary Syllabus, which signed an agreement with Invesco at the beginning of the year, currently has projects for nine student residences underway in Spain and Portugal.
In total, the firm’s investments will add 3,000 beds to its portfolio, in addition to the 2,500 it had already planned to build by 2021. The total investment in the nine projects in Spain and Porto is forecast to exceed €150 million.
The company is planning or building two student residences in Madrid and one each in Valencia, Malaga, Pamplona, Seville, Salamanca and Porto in addition to other investments the firm has yet to disclose.
The projects are part of a collaboration agreement Syllabus signed with Invesco at the beginning of the year. The two firms agreed to invest 250 million euros over five years in student residences in Spain.
Original Story: Eje Prime – Marc Vidal Ordeig
Adaptation/Translation: Richard D. K. Turner