Xior develops further on existing site Karspeldreef Amsterdam with a sustainable residential tower

Creation of a green student campus with 357 additional units

Xior expands Karspeldreef campus with 357 units

  • Development of a sustainable residential tower with 357 units for students and young professionals
  • Various communal facilities
  • Start of construction 2023, expected completion 2026
  • Estimated investment value of approx. MEUR 55 with gross initial yield in line with the market

Project details
Xior is expanding its residence in Amsterdam-Zuidoost at Karspeldreef 15 with a sustainable residential tower, providing over 350 extra homes for students and young professionals. This will transform the location into a fully-fledged and attractive student campus. The current car park (on which Xior-Karspeldreef Amsterdam BV, a subsidiary company fully owned by Xior Student Housing, already has a perpetual long lease right, currently expiring on 31 December 2038, but of which the terms, including the duration of the long lease right, may be amended for the purposes of realising the project in accordance with municipal policy, e.g. in the form of a revision after transformation, via a new period of 50 years) will house a residential tower 80 metres high with approximately 350 studios. There will also be a food court, study rooms, laundry facilities, and social amenities. Xior-Karspeldreef Amsterdam BV and Alderman Wedemeijer signed the letter of intent for this project today. Construction is expected to start in 2023, after obtaining a final and irrevocable environmental permit for the project.

The old DAS office at Karspeldreef 15 was converted into student housing in 2019. This existing site is now being further developed into a fully-fledged and attractive student campus. The studios are on average 18.5m² and 26m² in size. The communal facilities will be on the first floors and there will also be a roof terrace for the residents along with a courtyard which will be accessible for everyone.

Maximum rents
The municipality has agreed with Xior that 30% of the residences will be let at a maximum rent of EUR 442 per month. The other studios have a maximum rent of EUR 752.33 per month. There is also an agreement on the maximum amount for service costs.

Sustainability
The design by bureau SLA, in collaboration with DubbeLL-buurtontwikkelaars, contributes to the sustainable development of the city. The residential tower will comply with the national “BENG” standards. There will be solar panels in the facade. Efforts are being made to incorporate reusable materials in the façade and to use a modular construction. In addition, there is flexibility towards the future. For example, the walls of the studios can be removed if the living needs change. The newly created courtyard will be provided with evergreen planting. With the ideal location near the Bullewijk station, there is a strong focus on stimulating the use of public transport and bicycles.

Opportunities for young professionals in Zuidoost
The expansion of the student campus will mean that many more houses will be built in Zuidoost for students and young professionals. Xior has agreed with the municipality that they will make an effort to offer 25% of the studios with priority to students and young professionals from Zuidoost, similar to the other agreements made with other market parties in Amstel III. This will create opportunities for those students and young professionals to continue living in their own neighbourhood close to family and friends. The expansion of the student campus is a project from the masterplan Zuidoost. More housing for young professionals from Zuidoost in Zuidoost is one of the ambitions of this masterplan.

Impact
For Xior, this in-house development is the perfect complement to its already acquired land position (as holder of a long lease right from the municipality) at this location. With the addition of this tower, the total number of Xior units in Amsterdam will increase from 567 to 924 units. As a result of the agreements made with the municipality, the project also has a significant local impact: housing will be offered to students and young professionals from the neighbourhood, as well as providing them with the necessary employment opportunities in the plinth.

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 - Tower Karspeldreef Amsterdam - EN - 22.11.2021.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 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