This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.
The specialized fund promoted by Valeo Group, Bankinter and Plenium Partners proposes reaching 2,250 beds in Porto, Granada and Barcelona.
The venture capital fund plans to invest 425 million euros in the start-up of ten new residences in Spain and Portugal, according to the company.
The fund has just begun works for a new residence in Porto, after the acquisition of the land. In addition, Vstudent already has three assets owned, one in Granada and two in Porto, to which is added an agreement signed to carry out a new operation in Barcelona.
With these four developments, the company expects to reach 2,250 beds, managed under the LIV Student brand. The CEO of the company has assured that "our investment and development plans continue at a good pace in the rest of the projects".
VStudent intends to continue growing until ten projects are launched in Spain and Portugal. The fund has ensured that it is still actively searching for land and that it plans to close new operations shortly.
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