Global Student Accommodation Group (GSA) and Harrison Street Real Estate Capital have plans to acquire more than 10,000 student beds and deploy more than €750 million ($846 million) in top-tier university cities across Spain.
“The Spanish student housing market is extremely attractive due to a lack of adequate housing options and outdated facilities for the 1.3 million students in the country,” said Rob Mathias, senior managing director, Harrison Street. “We are excited to continue our long-standing relationship with GSA Group to bring our rigorous investment approach and combined student housing expertise to the growing Spanish student housing market through partnerships with proven operators and developers, and we look forward to continuing our growth together across Europe.”
Demonstrating its commitment to developing high-quality, purpose-built student accommodations (PBSA) in Spain, the joint venture will initially add 8,000 new student rooms in Madrid an
