Syllabus and Invesco to invest €250m in student housing
Urbania International, through its subsidiary Syllabus, and Invesco Real Estate, have reached an agreement to jointly develop one of the largest investment platforms in student residences in Spain.
The initial investment will be €250 million ($283 million). The agreement includes the immediate incorporation into the platform of four of the projects that Syllabus by Urbania already has under way in Spain, in the cities of Madrid, Valencia and Malaga. With these projects and six more, also in development, which will be incorporated in the upcoming months, the platform will initially have a portfolio of 2,000 rooms. Soon, it is planned to increase that figure to 3,500 rooms in university cities in Spain and Portugal.
The projects will be developed by Syllabus, which will also operate the residences under its own brand. The agreement places this joint platform among the three main players of the sector in the countries in which it operates and which will, in the comi