Successful tender offer on Student Properties Spain – HUBR

Closing of Malaga transaction with Amro

Successful tender offer Student Properties Spain

Following the previous press release on 12 July 20211, in which Xior Student Housing NV (“Xior”) announced the launch of a public tender offer on all shares of Student Properties Spain SOCIMI, S.A. (“SPS”), Xior is pleased to announce that this tender offer was successful.

According to the final results, Xior now has control over approx. 99.99% of all issued and outstanding shares of SPS. Xior will be the principal shareholder of Student Properties Spain and the company will remain listed on the BME and retain its Socimi status. Completion and settlement of the offer has taken place today.

SPS portfolio
The SPS portfolio consists of three top tier assets which represent more than 725 beds situated at prime locations in some of the most popular student cities in Spain: Madrid, Seville and Malaga (the latter to be delivered in Q3 2021). For more details on the assets, see our previous press release.

All three residences are operated under the HUBR brand, which will now join forces with the Xior team. For more information on the HUBR operational platform see the HUBR website.

Closing of Malaga acquisition from Amro Real Estate Partners
Xior can also report that the previously announced agreement2 to acquire a new student residence in Malaga’s Teatinos district (229 rooms) from developer Amro Real Estate Partners has been successfully completed. The residence has been delivered on schedule and Xior has a triple net lease agreement with current operator Amro Estudiantes during the initial two years. In one fell swoop, along with the HUBR Malaga asset (also located in the Teatinos district), Xior will now operate 450 rooms spread over two residences in this vibrant and upcoming student city with over 35,000 students. Thanks to these two complementary assets, Xior builds scale and also diversifies her offer in the city of Malaga.

Bastiaan Grijpink, Country Manager Iberia: “We are proud of the Xior team for successfully bringing our first public takeover across the finish line. It is great to see that we have built an organization that is capable of completing large portfolio acquisitions in an efficient and professional manner. The newly acquired residences fit perfectly in our strategy in terms of size, location and quality. The total number of rooms operated under the Xior flag in Spain will now increase from 1,700 to 2,400 rooms, which allows us to benefit from growing economies of scale. Finally, this transaction allows us to bring aboard the HUBR team. They have done a wonderful job and we look forward to welcoming them to the Xior family.”

1 See press releases on 5 July 2021 and 12 July 2021.
2 See press release Q1 results published on 27 April 2021.

Find the press release in the PDF file added below.
___________________

For more information, please contact:

Xior Student Housing NV
Mechelsesteenweg 34, box 108
2018 Antwerp
www.xior.be

Xior Investor Relations
Sandra Aznar
Head of Investor Relations
ir@xior.be
T +32 3 257 04 89

Christian Teunissen, CEO
Frederik Snauwaert, CFO
info@xior.be
T +32 3 257 04 89

 

 

 

Xior Press Release - XiorSPS results - EN.pdf

PDF 619 KB
Download

Sandra Aznar

Head of Investor Relations

Christian Teunissen

CEO

Frederik Snauwaert

CFO

Share

Get updates in your mailbox

By clicking "Subscribe" I confirm I have read and agree to the Privacy Policy.

About Xior Student Housing NV

Xior Student Housing NV is the first Belgian public regulated real estate company (RREC) specialising in the student housing segment in Belgium, the Netherlands, Spain, Portugal, Germany, Poland, Denmark and Sweden. Within this property segment, Xior Student Housing offers a variety of accommodation, ranging from rooms with shared facilities to en-suite rooms and fully equipped studios. Since 2007, as owner-operator, Xior Student Housing has built high-quality, reliable student accommodation for students looking for the ideal place to study, live and relax. A place with that little bit extra, where every student immediately feels at home.

Xior Student Housing has been accredited as a public RREC under Belgian law since 24 November 2015. Xior Student Housing's shares have been listed on Euronext Brussels (XIOR) since 11 December 2015. On 31 March 2025, Xior Student Housing held a property portfolio worth approximately 3.36 billion EUR. More information is available at www.xior.be.

Xior Student Housing NV, a Public RREC under Belgian law (BE-REIT)
Frankrijklei 64-68, 2000 Antwerp, Belgium
BE 0547.972.794 (Antwerp Register of Legal Entities, Antwerp Division)

Disclaimer

This press release contains forward-looking information, projections, convictions, opinions and estimates produced by Xior in relation to the expected future performance of Xior and of the market in which it operates ('forward-looking statements'). By nature, forward-looking statements involve inherent risks, uncertainties and assumptions, both general and specific, that appear justified at the time at which they are made but which may or may not turn out to be accurate, and there is a risk that the forward-looking statements will not be realised. Some events are difficult to predict and may depend on factors outside of Xior's control. In addition, the forward-looking statements are only valid on the date of this press release. Statements in this press release relating to past trends or activities may not be interpreted as an indication that such trends or activities will persist in future. Neither Xior nor its representatives, officers or advisers can guarantee that the parameters upon which the forward-looking statements are based are free of errors, nor can they indicate, guarantee or predict whether the expected results set out in such a forward-looking statement will ultimately be achieved. Actual profits, the financial situation and Xior's performance or results may therefore differ substantially from the information projected or implied in forward-looking statements. Xior expressly does not accept any obligations or guarantees as to public updates or reviews of forward-looking statements unless required to do so by law. This press release has been prepared in Dutch and has been translated into English and French. In case of discrepancies between the different versions of this press release, the Dutch version will prevail.

Contact

Frankrijklei 64-68 2000 Antwerp, Belgium Belgium

+32 3 257 04 89

info@xior.be

www.xior.be