Colonial SFL enters student residences hand in hand with Vita
The Socimi and the British group create a joint venture that is born with three properties in Madrid.
Colonial and UK-based Vita Group have created a 50:50 joint venture to develop student residences and flexible housing in Madrid. The venture starts with three properties, including a former IBM office and two Vita-owned assets, with a combined 92,000 square meters and 2,200 beds. The properties are expected to reach a long-term stabilized value of around €1 billion. The partnership combines Colonial's urban transformation expertise with Vita's student accommodation management experience.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
