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Xior Investing €26 Million in New Student Residence in Zaragoza

Xior's new 388-bed student residence will be ready for the beginning of the 2023-2024 academic year.

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Xior Student Housing will build and operate a student residence in the centre of Zaragoza, investing a total of 26 million euros, the Belgian company announced on Monday.

Specifically, Xior has won a tender process, launched by Zaragoza Vivienda, a Zaragoza City Council company, to develop and operate a student residence in the Pignatelli area of the Aragonese capital for a concession period of 75 years. The home, which will have 388 beds, is expected to be ready for the 2023-2024 academic year.

The project consists of two plots of land, with a total buildable area of more than 13,500 m2. There are existing former military buildings, which require refurbishment.

The first building, barracks located at 4 Madre Rafols Street, will be completely refurbished and extended with an annexe. The land has a buildable surface area of 6,066 m2.

The second, a residence, will undergo a complete refurbishment and will be extended at both ends with two annexes, is located at numbers 8, 10 and 12 of the same street. The land has a surface area of 7,448 m2.

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