Xior Student Housing has acquired a development project at a top location in Hasselt, Belgium. The new-build student tower block with at least 10 floors is strategically located on the campus of the PXL University of Applied Sciences and Arts. The project is expected to have a total investment value of c.€17m. The completion and commissioning are planned for mid-November 2020.
The scheme will include a mix of separate and shared rooms, plus the necessary common areas providing all modern comfort that students need. The development forms part of a broader master plan within which the PXL University of Applied Sciences and Arts campus is located and which will serve to respond to changes in the higher education landscape and to meet the future needs and growth of PXL and its students. The property will benefit from easy access by public transport as well as offer extensive parking facilities.
The new building will meet the strict EPB standards, including a compact heating/cooling system that supplies sustainable energy for the building's heating and air conditioning as well as by selecting the very sustainable CD20 modular prefab system that was also used for the construction of our Woudestein residence in Rotterdam. This system offers a very quick and clean construction, avoids waste of materials and can also be fully dismantled and re-used. In addition, the speed of construction makes it possible to still become fully operational for the next academic year.
Christian Teunissen, CEO of Xior, said: "Being born and raised in Hasselt, I am personally proud of this first and very promising investment in Hasselt, a truly vibrant student city with approximately 22,000 students. We are looking forward to offering quality and modern student accommodation on the new campus of the PXL University of Applied Sciences and to help strengthen the community feeling on this campus. In addition to adding a new top Belgian city to our fast-growing portfolio, we are also adding a brand-new sustainable residence to our portfolio that we want to keep making greener in line with our ESG strategy.”
Ben Lambrechts, General Director of PXL University of Applied Sciences, commented: “We are delighted that a strong player like Xior is coming to Hasselt. Hasselt is one of the major student cities in Leuven, Ghent, Delft, Lisbon and Porto where Xior already offers quality and reliable student rooms. The tower will be located on a prime location in the middle of our campus, close to all social facilities, close to the new Hasselt green lung and with the new and old city centre within walking distance... In short, a top location for a second home for our students to study, live and enjoy life in ideal conditions.”
