Hines has acquired a new purpose-built student accommodation (PBSA) project in Móstoles, Madrid, currently under construction. The transaction, executed on behalf of the Hines European Real Estate Partners III (HEREP III) fund, marks the company’s entry into Madrid’s student accommodation segment and reinforces its commitment to the living sector in the Iberian Peninsula. This new asset joins Hines’ existing PBSA projects in Barcelona, Valencia and Porto.
The future student residence will comprise more than 300 beds across more than 300 rooms. The building, with a gross built area of 12,000 square meters (129,167 square feet), will be located in a prime strategic area adjacent to Rey Juan Carlos University and directly opposite the university hospital of the same name, in Móstoles.
Designed to provide a comprehensive living experience, the project aims to offer a wide range of services and amenities that promote wellbeing, study and community life. Key communal
