Student residences stand out among the alternative assets with the greatest projection in recent years. Spain, as one of the favourite educational destinations for international students, is also one of the most attractive markets for investment in this real estate segment.
The Belgian firm Xior Student Housing, specialised in student housing with a presence in Belgium, the Netherlands, Spain and Portugal, needed advice and due diligence for its latest operations in this type of assets and was looking for a local partner at this stage of expansion in the country. The aim of due diligence is to minimise the risks of an investment by identifying potential contingencies.
Gesvalt is a company approved to develop the aforementioned report and Xior placed its trust in us.
Xior's commitment in Spain
Xior landed in Spain in 2019 and has been involved in numerous operations in the student residence market. Last June, it acquired the Spanish socimi Student Properties Spain for €54.5 million, a transaction that allowed it to incorporate 725 beds under management.
At this stage of expansion in Spain, thehe firm needed a technical audit on three properties located in Madrid, Malaga and Seville. The latter is already the fourth largest student city in Spain, with a population of around 76,000 students.
Due Diligence for student residences
Gesvalt carried out the three due diligences for Xior. This report examines the assets in detail and considers technical aspects such as the degree of conservation of the infrastructure, accessibility conditions, the state of the facilities or compliance with current urban planning regulations. It also verifies the state of the property and occupation, its current location and configuration, the administrative and urban planning situation, its technical and regulatory compliance with the use for which it is intended, as well as its future possibilities.
Due diligence may be slightly different depending on the type of business and the industry sector to which it belongs.
How Gesvalt can help with due diligence and specialist advice
The due diligence investigations assisted Xior in the process of analysing the assets in the context of a transaction and helped it to The results provided valuable information to reduce the risks associated with the acquisition of real estate.
This type of report requires both technical knowledge and experience. Gesvalt has 25 years of experience in the Spanish market and a long history of working with national and international companies.
We spoke to Manuel Giménez, Finance & Investment Associate at Xior, who said the following:
Would you recommend carrying out such a project with Gesvalt?
Working with Gesvalt is a guarantee of results, on time and on budget. It is a safe bet.
Is there anything else you would like to point out about working with Gesvalt and the added value we bring?
The team's extensive experience, and their approachable yet professional manner at all times, is highly commendable. In our experience, they have always been able to adapt to the circumstances of the project, and have managed to successfully communicate the result of their work in concise and useful terms.