Xior Student Housing has acquired a student residence "365 Rooms" in Ixelles (Brussels), Belgium. This fully operational and sustainable residence has been recently developed in consultation with the VUB/ULB and is located at an exceptionally favourable location in Brussels, Belgium's largest student city. In addition to 323 student rooms, the residence also contains 5 studios, 9 flats and 1,000m² of multifunctional spaces. The contributor offers a rental guarantee for a period of 3 years based on full occupancy. The total investment value of this acquisition amounts to approximately €34m.
This modern and fully operational student complex, completed in 2014, is ideally located close to the universities VUB and ULB and the newly built Chirec hospital. The residence is easily accessible by public transport and is only a 5-minute walk from the Etterbeek train station. There is also a bus stop right in front of the building that effortlessly brings students to and from the centre of Brussels. The scheme consists of a mix of independent and shared rooms and provides various communal areas and facilities:
- Motivational study space of 300m²
- Communal kitchens
- Green inner court garden
- Wifi in the room
- Laundry room
- Weekly cleaning service
- Indoor bicycle parking
- 52 car parking spaces
With this acquisition, Xior adds the eighth location to its portfolio in Brussels, strengthening its position in Belgium's largest student city which is characterised by a shortage of quality student rooms. With this acquisition, the total number of student units operated under the Xior flag in Brussels rises to just under 1,000 units, creating additional economies of scale.