Global Student Accommodation Group (GSA) has acquired Emilia Pardo Bazan, a 302-bed purpose built student accommodation property in Madrid.
Under the terms of the transaction, GSA has acquired a 100 percent interest in Emilia Pardo Bazan from Corestate Capital Advisors GMBH. Terms of the deal were not disclosed.
CaixaBank is providing debt financing for the transaction that will further establish GSA’s position in Madrid, resulting in over 1,000 beds within the Ciudad Universitaria area and over 1,600 in the city.
Emilia Pardo Bazan is one of the leading purpose-built student accommodation projects in Madrid, located centrally in Ciudad Universitaria, an area near the main universities that remains popular with students. Opened in 2018, the property comprises single, double and studio rooms, with appealing facilities for students including study rooms, canteen, laundry room, game rooms, gym, terraces, outdoor sport areas and a swimming pool. Emilia Pardo Baza
