Student Accommodation is proving to be a resilient property sub-sector in the current economic climate. It’s attractive to investors whose objectives are to seek uncorrelated investments, which offer the potential for attractive yields and the prospect of long-term capital growth.
Urbania has perceived this trend long ago and has set up a JV with MI CASA INN with the objective to be the leading private management platform in Spain.
The buildings have a joint area of 6,879 m2 built on a 1,959 m2 plot divided into an inverted-F floor space with a semi-basement, five floors and a smaller building located in the same plot and connected by inner courtyard gardens. It has also two basement floors with a limited number of parking spaces.
It is a high quality building erected on a concrete structure, with outer façades and open block courtyards. The peculiarity of the distribution of the floors and the location in an open block with frontages onto three streets, entail that almost all the premises of the building are exterior facing. This allows a very clear and linear development program of apartments.
The neighbourhood of Ciudad Universitaria (University City), belonging to the district of Moncloa-Aravaca, is located on the western side of the capital. It is, without a doubt, the neighborhood of young university students. It is replete with residential colleges and faculties and harbors culture and a lot of history.
We will undertake an architectural project to transform of the property into student accommodation, achieving the highest performance per floor in number of rooms to fit a total of 250 rooms.