Xior announces the agreement concerning the acquisition of 32.36% of the shares of Quares Student Housing as well as its intention to launch a voluntary public tender offer for the remaining shares of Quares Student Housing

Belgian market leaders have the intention to join forces, creating the largest Belgian student housing platform: win-win for the student and the shareholder. Growth expected EPRA earnings 2022 to increase from 10% to 15%.

Xior announces the agreement concerning the acquisition of 32.36% of the shares of Quares Student Housing as well as its intention to launch a public tender offer for Quares Student Housing

  • Intention to acquire an extensive up and running portfolio with development pipeline
  • Reference shareholders (32.36%) have entered into an agreement to sell their shares in Quares Student Housing to Xior
  • In case the public tender offer concerning the acquisition of Quares Student Housing is successful:
    • Total investment value of approx. 155.8 MEUR with an expected initial yield in line with the current valuation of the portfolio in Belgium
    • Creation of Belgium's largest student accommodation platform
    • Total value of Belgian portfolio will increase by more than 25%
    • Positive impact on earnings & operational margin through direct savings and economies of scale
    • EPRA earnings forecast for 2022 increases from 10% to 15%

Xior Student Housing NV ("Xior") and Quares Student Housing NV ("Quares Student Housing"), Belgian market leaders specialised in student housing, are joining forces. Xior has the intention to launch a voluntary public tender offer for all remaining shares of Quares Student Housing (being 67.64%). If this planned public tender offer is successful, this strategic takeover will make Xior the ultimate market leader specialised in student housing in Belgium.

Christian Teunissen, CEO Xior: "We continue to strongly believe in our home market and are delighted to have the opportunity to grow by as much as a quarter in Belgium's top student cities. This strategic transaction is a unique opportunity to combine the strengths of two of the largest professional players and to create an even more powerful, profitable and professional platform from this synergy. Through the planned takeover of the Quares Student Housing portfolio, we are further expanding our range of high-quality rooms, always with the vision and commitment to unburden students and their parents and offer them the ideal place to live, study and relax. In short, a transaction with many advantages for both the student and the shareholder.”

Herman Du Bois, CEO Quares Student Housing: “The plan to bring together the teams of Quares Student Housing and Xior will result in a further improvement of our service to national and international students and makes us stronger in meeting the challenge of the growing shortage of affordable, high-quality student rooms in Belgium. Creating a second home for our students deserves the necessary attention and a professional framework. That is precisely what Xior and Quares Student Housing stand for.”

Find the full press release in the PDF file added below.
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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 - Quares Student Housing - Announcement PB - EN - 11.10.2021.pdf

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Sandra Aznar

Head of Investor Relations

Christian Teunissen

CEO

Frederik Snauwaert

CFO

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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 30 June 2025, Xior Student Housing held a property portfolio worth approximately EUR 3.5 billion. 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
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