Xior Student Housing has acquired a site with three brand new buildings comprising a total of 247 units in Amsterdam for c. €47m.
The buildings were completed in 2018 and offer a total of 247 units ranging from 23 m² to 52 m², with 94 parking spaces. The site befits from a close proximity to public transport link and is undergoing a comprehensive upgrade through various redevelopment projects, with care being taken towards providing sufficient green spaces.
Two-thirds of the buildings, which provide a range of options for students and young professionals, are already rented out. The seller also provides Xior with a 12-month rental guarantee.
Christian Teunissen, CEO of Xior: "This acquisition adds three brand new buildings to the portfolio that will immediately contribute to our results. It also launches Xior’s operations in the largest student city of the Netherlands, making this a perfect addition to the further expansion of Xior's growth and operations."