Xior Student Housing NV has completed the acquisition of "Bonnefanten College" in Maastricht, the Netherlands. This registered national monument will be redeveloped into a student complex with 257 independent student rooms. The property is located at Tongerseweg 135 in Maastricht, near Xior's other student complex the Carré building. The total investment value after reconversion will be c. €34m.
Christian Teunissen, CEO of Xior: "With this acquisition, we add yet another stunning reference project to our portfolio, strengthening our presence in this student city and allowing us to respond even better to the demand for qualitative student housing, while also creating economies of scale."
This acquisition strengthens Xior's position in Maastricht and takes its number of student rooms in this student city to 557. Xior expects to start using the building in September 2019.
