17 September 2019 – The Belgian group Xior Student Housing announced an agreement to acquire 80% of the real estate company that owns and operates the Leonardo da Vinci student residence, located on the campus of the European University of Madrid (UEM), in Madrid. The firm will also build a second, 200-bed residence in a total investment of €85.4 million. The European University group will hold onto the remaining 20%.
The first campus property has 464 rooms (528 beds) and belongs to the second-largest private university group in Spain, one which has more than 23,500 enrolled students, 11,500 of which are housed in the Villaviciosa campus.
Original Story: Idealista
Adaptation/Translation: Richard D. K. Turner
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