Henderson Park and Hines acquire 750-bed student housing development in Barcelona

Henderson Park and Hines have completed the acquisition of a site to develop a 750-bed student housing project in Barcelona, Spain.

This is Henderson Park and Hines’ second student accommodation investment together following an earlier project in Lancaster, United Kingdom, and forms part of their joint venture to pursue value-added opportunities in the sector across Europe.

Occupying half of a city block in the 22@ Innovation District on the edge of Barcelona’s desirable neighborhood of Poblenou, the joint venture’s latest project will see the development of a 20,000-square-meter (215,000-square-foot), 750-bed student housing scheme, just 15 minutes’ walk from nearby university campuses. The joint venture is targeting to deliver the scheme for the 2021–2022 academic year.

Barcelona is one of Europe’s top student markets, home to two of Spain’s most prestigious universities, the University of Barcelona and Universitat Autónoma de Barcelona, as well