- €30M GDV project will deliver 221 new student beds close to five universities
- Facilities include rooftop terrace, green spaces, canteens, gym and study rooms
- Project will target maximum ESG credentials to be one of Europe’s most sustainable buildings
- Valencia has the greatest student housing supply/demand mismatch of any Spanish city
We have further strengthened our position in the Iberian student housing market with the acquisition of a new €30M GDV project in Valencia, on Spain’s south-eastern coast, alongside our partners IP Investment Management and Heed Capital.
The project will deliver 221 new student beds on a c. 2,000 sqm site just outside the city centre, in newly regenerated Avenida del Puerto, a major avenue within walking distance of five universities: European University of Valencia, University of Valencia, University Polytechnic of Valencia, University Catholic of Valencia and International University of Valencia.
Featuring extensive shared modern facilities including a swimming pool, gym, rooftop terrace, green spaces, canteen and study rooms, the development will target maximum ESG credentials including BREEAM Outstanding, Fitwel 3*, and WiredScore platinum certifications. In addition, following our NZC2025 pledge, the scheme will seek Passivhaus status making it one of the most sustainable new buildings in Spain, and indeed continental Europe, on completion in early 2026.
Valencia is a tier one market in Spain, being the country’s third most popular university destination with strong underlying market fundamentals. During the 2021/22 academic year, the total student population was over 103,000 students with international students accounting for approximately 12% of the total. In addition, Valencia recorded the highest YoY student enrolment growth of all provinces at 2.9%.