Xior continues international expansion with entry into fifth country Poland and extra acquisition in Granada

Xior continues international expansion with entry in Poland

Addition of fifth country confirms Xior's ambition to become the leading pan-European player in student housing
Target portfolio in due time of at least 2,500 units and maximum 10% of total fair value of the portfolio. First substantial entry with flagship project in Warsaw with over 500 rooms
The Polish student market is in full development: a country with more than 1.2 million students characterised by a structural undersupply of quality housing and therefore strong growth potential with higher investment yield
Project Warsaw concerns a turnkey project with a total investment value of approx. MEUR 32 with a gross investment yield of approx. 9%
Expected completion August 2024
Full development risk remains with the seller

Further expansion in Granada: new development project in prime location

Letter of intent signed for new sustainable development of approx. 310 units with private bathrooms and various common facilities
Total investment value of approx. 26.25 MEUR
Triple net lease agreement with Odalys for 12 years
Expected theoretical gross initial yield of approx. 7%
Expected completion before Q3 2025
Full development risk remains with the seller

Christian Teunissen, CEO Xior: "With the entry into Poland and this first substantial acquisition, Xior is further rolling out its growth strategy as a pure player in student housing into a particularly interesting market, further underpinning our ambition to become a leading pan-European player. We also continue to grow unabated in Spain, doubling our presence in Granada with this second residence."

Find the full 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 - Entry Poland & Granada - EN - 21.02.2022.pdf

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Sandra Aznar

Head of Investor Relations

Christian Teunissen

CEO

Frederik Snauwaert

CFO

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 September 2024, Xior Student Housing held a property portfolio worth approximately 3.3 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.