Another corporate deal has been closed in the Spanish market for student residences as operations involving assets continue apace. Yugo, a global operator of student residences, and Merkel Capital, a company based in Madrid and Barcelona founded in 2014 and already present in the Spanish cities with the longest university tradition, have reached an agreement of association whereby Yugo will operate the assets once the development period has ended.
Yugo owns more than 100 university residences and 38,000 beds spread over nine countries and 67 cities. Its assets are located in the United States, Ireland, the United Kingdom, Germany, Australia and Spain. In the latter, it currently has 11 student residences, a figure that will rise to 13 by January 2023, with six in Madrid, two in Barcelona, one in Alcalá de Henares and four in Salamanca, Oviedo and Sevilla.
Read the full article in Spanish.
