Medinvest, King Street invest in student residences across Spain

Medinvest Asset Management and King Street Capital Management have reached an important milestone, having invested close to €200 million ($215 million) since its formation in 2021.

The joint venture, which created a leading, vertically integrated student platform in Spain operating under the brand Bravo! Students, now owns six assets in various major university cities across Spain. Additionally, Medinvest has exclusivity for four assets that will add another 900 beds, bringing the total beds in the portfolio to 3,600. Upon completion of these transactions, Bravo! Students will be a top-10 operator in the student-housing sector in Spain by the end of the year.

The first residence in the Bravo! Students portfolio opened in Granada, in September 2023. The property boasts 300 beds available in more than 250 rooms, with a 100 percent occupancy rate. Bravo! Students Salamanca is scheduled to open in September 2024 with more than 600 beds. The remaining residences, located