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Acquisition of a Student Housing in Pamplona, Spain

Catella Asset Management Iberia has acted as investment and asset manager on behalf of Catella European Student Housing Fund in the acquisition of La Campana student hall of residence, located in Pamplona, Spain. The asset has a built area of 7, 693 sq.m, consisting of 305 beds split on three types: individual, individual superior and double. A lease contract has been signed with Camplus – the operator.

Characteristics and strategy

Characteristics

70 years surface right (68 years remaining)
In 2015-2017 fully renovated existing building and made an extension
305 beds split in 225 individuals, 26 individuals superior and 24 double

Strategy

Lease contract signed with the operator
Potential extension

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