28 October 2019 – The Belgian student housing operator Xior Student Housing announced that it had reached an agreement to acquire two new student residences in Barcelona, for a total of 41 million euros.
Xior reached an agreement to acquire The Lofttown residence, a 78-room, 140-bed residence in Barcelona. The asset is currently operational and is located near the Paseo de Gracia, a short distance from several universities and the city’s historic centre.
The firm also acquired Collblanc, another student housing development in the same city. The residence will have a minimum of 128 rooms, with several common areas, and will also operate under The Lofttown brand. The project is currently in the licensing stage, with delivery expected in 2021.
Original Story: Idealista
Adaptation/Translation: Richard D. K. Turner