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Sign in Sign up for a FREE subscriptionXior buys European student housing portfolio for €939m
Basecamp Group has sold a student housing portfolio to Xior for €939 million ($999 million).
The portfolio includes 5,341 units in 11 newly built assets in top-tier student cities in Germany, Poland, Denmark and Sweden. Of these, eight are fully operational, including one residential scheme, and three are in development.
The assets included in the sale will continue to be operated under the Basecamp brand and comprise: Potsdam, Germany (263 units/beds); Leipzig, Germany (385 units/412 beds); Lodz I, Poland (487 units/624 beds); Lodz II, Poland (631 beds); Katowice, Poland (733 beds); Copenhagen South Campus, Denmark (350 beds); Lyngby Student, Denmark (639 beds); Lyngby Residential, Denmark (147 one- to three-bedroom apartments); Aarhus, Denmark (663 beds), in development; Malmo, Sweden (583 beds), in development; and Aachen Bluegate, Germany (460 beds), in development.
The transaction is part of Basecamp’s proactive investment strategy to acquire, de
