Urbania Internacional, a company specialised in the development, investment and management of real estate projects, has finalised the sale of a student residence hall in the university district of Moncloa (Madrid), which RESA will operate as from the next academic year.
This asset is part of the sale and purchase agreement reached by Urbania, Invesco, Greystar, AXA and CBRE GI in November last year. The asset is the third residence that Urbania is developing in the capital, together with the properties in Paseo de la Habana and Atocha.
In total, the building has a surface area of almost 6,800 square metres and can house 250 students. The residence has areas dedicated to study and collaborative work and a gym, cafeteria, and music room.
Jeffrey Sújar, managing partner of Activos Alternativos at Urbania, stated that the residence is “located in a strategic enclave” and that they are “sure that the national and international students who stay in it will enjoy all the advantages offered by the Smart Living concept.”
Read the full article in Spanish