Brief: Xior Student Housing To Develop New Student Residence In Vaals

Xior Student Housing NV

24/08/2021 06:41

Aug 24 (Reuters) - XIOR STUDENT HOUSING NV  XIOR.BR :
    * XIOR EXPANDS FURTHER IN POPULAR TRI-BORDER AREA VAALS
    * TOTAL INVESTMENT VALUE OF APPROX. 35 MEUR
    * APPROX. 400 UNITS - MIX OF ROOMS FOR STUDENTS AND YOUNG
PROFESSIONALS
    * IN-HOUSE DEVELOPMENT RESULTING IN AN EXPECTED YIELD OF
APPROX.
7%
    * ACQUIRES BUILDING PLOT IN VAALS
    * PURCHASE TAKES PLACE UNDER SUSPENSIVE CONDITION OF
OBTAINING A
DEFINITIVE AND IRREVOCABLE CHANGE OF USE AND ENVIRONMENTAL
PERMIT
    * PLANS TO DEVELOP A BRAND-NEW STUDENT RESIDENCE
    * PERMIT IS EXPECTED BY Q4 2022
    * PROJECT CAN BE DELIVERED BY Q3 2024, IN TIME FOR THE
ACADEMIC
YEAR 2024 - 2025

Source text for Eikon:  ID:nNDL1nntGW 
Further company coverage:  XIOR.BR 

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