Patrizia invests in Barcelona student accommodation

Patrizia has invested in a portfolio of purpose-built student accommodation (PBSA) in central Barcelona on behalf of its institutional clients.

The portfolio consists of two buildings, totaling 20,468 square meters (220,316 square feet) of residential space with parking and a total of 635 units. The first building, Marina, with  538 units, is in the 22@ district of Barcelona. The second building, Poble Sec with 97 units, is in the Sant Antoni area of the city. The assets were built in 2009 and 2007, respectively. Both were fully refurbished in 2017. Amenities include a gym, lounge, meeting rooms, a lecture theatre and five rooftop swimming pools.

“The rising mobility of Spain’s student population and the growing appeal among foreign students wanting to study in cities like Barcelona means that there is a structural undersupply of high-quality purpose-built student accommodation in Spain,” said Eduardo de Roda, country head for Iberia at Patrizia. “Our la