Amro acquires ninth student housing project in Iberia
Amro Partners has taken the next step in its expansion across Iberia with the acquisition of a new 157-bed student housing project in Salamanca, Spain — one of the most historic university cities in the country. The project is Amro’s ninth in the region since it launched in Iberia in mid-2018, consolidating its portfolio of 2,500 student beds with a total gross development value (GDV) of €250 million ($286 million).
Located five minutes from Plaza Mayor, within walking distance of both Universidad de Salamanca and Universidad Pontificia de Salamanca, the €18 million ($21 million) GDV project will comprise a mixture of room types (en suites, doubles and studios), alongside dedicated study spaces and shared facilities. including a canteen, terraces and gym. The asset will be managed by Amro Estudiantes, Amro’s operating PBSA brand in Iberia.
Salamanca is home to more than 30,000 students with approximately 70 percent in need of student accommodation, according