Xior Student Housing acquires site with 247 units in Amsterdam

Total investment value of approximately EUR 47 million

Xior Student Housing NV, the Belgian real estate investment trust (BE-REIT) specialising in student housing in Belgium and the Netherlands, announces the acquisition of a site with three brand new buildings comprising a total of 247 units in Amsterdam. The deal has an investment value of approximately EUR 47 million. This allows Xior to strengthen its position in the largest student city in the Netherlands.

Xior successfully completed the acquisition of a site with three towers on Naritaweg/Barajasweg in the Dutch capital of Amsterdam. The buildings were completed in 2018 and offer a total of 247 units ranging from 23 m² to 52 m², with 94 parking spaces. The site is located near public transport and is undergoing a comprehensive upgrade through various redevelopment projects, with care being taken towards providing sufficient green spaces.

Two thirds of the buildings, which provide a range of options for students and young starters, are already rented out. The seller also provides Xior with a 12-month rental guarantee. This means Xior strengthens its position, and also becomes operational, in the largest student city in the Netherlands, where demand for quality (student) accommodation remains high.

Xior acquired the properties (under a continuous long-term lease) by means of the acquisition 100% of the shares in the relevant real estate companies. The price of the shares in these companies is based on the investment value of the real estate held by the relevant companies depending on the rental values. The total investment value of the underlying real estate is approximately EUR 47 million¹ with an envisaged initial yield of approximately 5.6%.

Xior has previously worked with the developer for this project in Delft, Breda and The Hague.

Christian Teunissen, CEO of Xior: "This acquisition adds three brand new buildings to the portfolio that will immediately contribute to our results. It also launches Xior’s operations in the largest student city of the Netherlands, making this a perfect addition to the further expansion of Xior's growth and operations."

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_{¹This is in line with the estimates of the independent property expert.}

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_{For more information about this transaction please contact:}
_{Xior Student Housing

Mechelsesteenweg 34, box 108

2018 Antwerp

www.xior.be | info@xior.be

Christian Teunissen, CEO

Frederik Snauwaert, CFO

Arne Hermans, CIO

T +32 3 257 04 89}

_{For more information on the rental of student rooms, please contact:}
_{Xior Student Housing

T +31 88 6000 180

E amsterdam@xior.nl}

Xior Student Housing

Christian Teunissen, CEO

Frederik Snauwaert, CFO

Arne Hermans, CIO

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 December 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.