13 June 2018 – Eje Prime
Syllabus is on a roll and is in the process of preparing its fifth project in Spain. In its latest project, the subsidiary of Urbania is going to build a new hall of residence for students in the historical centre of Málaga, with an investment plan worth €10 million. The asset will have 143 rooms, according to a statement issued by the company.
The company is going to construct the building from scratch and once completed, in 2020, it will have a surface area of 4,600 m2. The property chosen by Syllabus is located at number 12 Calle Cerrojo, very close to Museo Picasso and to Málaga Cathedral.
The hall of residence will have a central courtyard around which the rooms will be distributed, along with study areas, coworking spaces, games rooms, a cafeteria and a gym. Moreover, the asset will have an outdoor recreation area on the roof.
Urbania’s subsidiary, created recently under the leadership of Jeffrey Sújar, has €200 million to invest in halls of residence for students across Europe. The aim of the company is to generate up to 4,000 beds in the continent’s main university cities.
Since starting life, Syllabus now has five sites under development in Spain comprising 1,200 beds in Málaga, Madrid and Valencia. Moreover, it is planning to acquire new assets in other university cities, including Barcelona, Granada, Sevilla and Salamanca.
For its operations in Spain, the company has signed a strategic agreement with an operator that specialises in the student resident market, Mi Casa Inn, which has more than 600 rooms under management.
Original story: Eje Prime
Translation: Carmel Drake
The post Urbania’s Subsidiary, Syllabus, Invests €10M in New Student Residence in Málaga appeared first on Aura Real Estate Experts.
Source:: AURA Real Estate Experts