The pan-European private equity real estate fund Henderson Park and the international real estate firm Hines have signed a €27.5 million loan with the French investment bank Natixis to develop two projects in Barcelona, the three companies announced on Wednesday.
The projects, a student residence and an office building acquired in 2019, are located on Carrer Cristóbal de Moura in Barcelona’s 22@ district.
Work on the 350-bed student residence and the 3,610 m2 office building began last May. Both projects are expected to be completed within two years, in the summer of 2023. Once completed, the residence will be managed by Aparto, the Hines division dedicated to operating such accommodations.