Xior receives landmark tax equivalence ruling, paving the road for SOCIMI status in Spain

Xior Student Housing NV is pleased to announce that it has obtained a favourable ruling from the Spanish tax authorities stating that, as a Belgian GVV/SIR, it is equivalent to a Spanish SOCIMI (i.e. a Spanish REIT). This takes away the main obstacle for Xior’s Spanish subsidiaries to apply for SOCIMI status. If such applications are made prior to the end of September 2022 and provided certain limited changes are made to Xior’s legal corporate structure in Spain, such subsidiaries will enjoy SOCIMI status as of 1 January 2022. A SOCIMI has a tax favourable regime similar to other international REIT regimes.

As soon as SOCIMI status is obtained, the transition from a normal tax regime to a favourable tax regime in Spain will increase the return on the current Spanish Xior portfolio in the future. This will also increase the EPRA earnings per share. Moreover, this will also ensure a level playing field with local Spanish REITS.

Christian Teunissen, CEO Xior Student Housing : “This decision marks an important milestone not only for Xior, but for the entire Belgian REIT sector active in Spain. It is likely to attract significant additional foreign investment volume in the Spanish real estate sector, thus generating new jobs and tax revenues. It could also possibly boost the further expansion of our portfolio in the Iberian peninsula. Xior would like to thank Care Property Invest and Osborne & Clarke for their collaboration.”

Find the press release in the PDF file added below.

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_{For more information, please contact:}

_{Xior Student Housing NV
Frankrijklei 64-68
2000 Antwerp, Belgium 
www.xior.be}

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

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