Brief: Xior Student Housing Completes Student Residence Acquisition In Spain

Xior Student Housing NV

23/06/2020 07:36

June 23 (Reuters) - Xior Student Housing NV  XIOR.BR :
    * COMPLETION OF THE ACQUISITION OF THE FIRST XIOR RESIDENCE
IN
GRANADA
    * NEW STUDENT COMPLEX WILL SOON OPEN ITS DOORS WITH A TRIPLE
NET
RENTAL CONTRACT AS OF SEPTEMBER 1, 2020
    * TOTAL VALUE OF INVESTMENT AMOUNTS TO 37 MILLION EUROS,
WITH AN
EXPECTED STABILIZED GROSS YIELD OF APPROXIMATELY 7%
    * THIS ACQUISITION ADDS A THIRD CITY TO THE SPANISH
PORTFOLIO AND
CONFIRMS XIOR'S AMBITION TO EXPAND FURTHER IN SPAIN
    * EVEN IN EXCEPTIONAL CIRCUMSTANCES DUE TO COVID-19
PANDEMIC,
DEVELOPMENT WAS NOT DELAYED AND PROJECT WAS DELIVERED ON TIME
    * RENTAL FOR THE NEXT ACADEMIC YEAR, BY CURRENT OPERATOR
AMRO
ESTUDIANTES, IS ALSO PROGRESSING WELL
    * ONGOING PROJECTS: AT PRESENT, THE FOLLOWING PROJECTS ARE
STILL
ONGOING: LUTHERSE BURGWAL (THE HAGUE), U.HUB BENFICA (LISBON),
U.HUB SÃO JOÃO (PORTO) AND PXL (HASSELT)

Source text for Eikon:  ID:nNDL2bYVXl 
Further company coverage:  XIOR.BR 

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