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The insurance company's stake will amount to 18.9% and so it will join the Socimi's Board of Directors.
The acquisition of the Montepino portfolio, one of the most important deals of the year, was completed in May, as well as other important transactions in the hotel and build-to-rent sectors.
Even so, the average occupancy rate in the Balearic Islands stood at 35.2% of available rooms in 2020, 53.7% lower than in 2019, according to a study by CBRE.
The student residence, which has a surface area of 6,800 m2 and 250 beds, will be operated by RESA.