12 March 2019 – Idealista
Collegiate, a global leader in the student halls sector, is looking to raise €2 billion to grow its portfolio of halls of residence in countries such as Spain, the UK and Portugal.
The company, which already manages more than 20 developments in the United Kingdom and across the Iberian Peninsula, typically invests between €35 million and €100 million per asset, and so the company could be looking to open up to 60 new halls of residence if it obtains the aforementioned funding. Collegiate is looking to meet an unprecedented demand for high-end student accommodation.
In 2018, the student hall sector in Spain received investment of €450 million, up by 2.3% YoY, according to a report from DBK. Across the country, there were 1,025 halls of residence last year, containing 91,066 beds, a figure that is expected to rise to 95,500 beds by 2020.
Original story: Idealista (by Custodio Pareja)
Translation/Summary: Carmel Drake
26 February 2019 – La Vanguardia
Investment in student halls continued to rise to reach €450 million in 2018, up by 2.3% YoY compared to 2017, according to a sectorial report from DBK.
For DBK, “the increase in supply and the favourable environment allowed sustained growth in revenues”. At the end of 2018, there were 1,025 university residences and colleges in operation in Spain, with 91,066 beds (…).
In terms of the total supply, an increase of 1,361 units was recorded in 2018, which, according to DBK “prolonged the trend of significant growth seen in previous years”. In fact, the supply grew by 3,023 beds between 2017 and 2018.
Looking ahead to the period 2019-2020, DBK expects revenues in the sector to increase by around 5% p.a. (…).
It also expects projects to open new residences to follow a moderate growth rate in terms of the number of places for the next two years. Thus, it expects the total national capacity to exceed 95,500 beds by 2020, 4,500 more than in 2018.
Original story: La Vanguardia
Translation: Carmel Drake