Xior Student Housing announces major next step in its international expansion: the acquisition of a unique 939 MEUR portfolio comprised of 11 prime PBSA assets with 5,341 units developed and operated by Basecamp

With this landmark transaction Xior enters Germany, Denmark and Sweden, accelerates its growth in Poland and consolidates its position as the number one continental European student housing platform. Post transaction, EPRA earnings per share are expected to increase from 2.00 to 2.07 EUR/share in 2022 and from 2.20 to 2.38 EUR/share in 2023.

Xior Student Housing (“Xior”) makes a huge leap forward in its international expansion plan by signing an agreement with Basecamp Group (“Basecamp”), European Student Housing Fund I (“ESHF I”) and European Student Housing Fund II (“ESHF II”) to acquire a 939 MEUR2 portfolio of attractive, high-quality, PBSA3 assets operated by Basecamp. This unique portfolio consists of 5,341 units spread over 11 newlybuilt, state of the art assets (8 operational and 3 projects under development). All residences are situated in top-tier student cities in Germany, Poland, Denmark and Sweden. Basecamp is a specialised developer and operator of student housing with objective to create smart student living spaces perfectly located to universities.

The acquisition will lead to:

  • An increase of the total fair value of the portfolio4 to 3.7 billion EUR (+32%) adding 5,341 units in 9 leading university cities
  • Xior enhancing its profile as the number one student housing platform in continental Europe with a portfolio of 26,526 units and a presence in 43 top-tier university cities in 8 countries, serving a target market of 8.5 million students
  •  Expanding Xior’s geographical diversification by being immediately operational in the German and Nordic student housing markets and by supporting its ambition to strengthen its position in Poland
  • Shifting up another gear in ESG by adding properties built to BREEAM Very Good or equivalent standards to the portfolio
  • A landmark transaction that will create value for all shareholders of the pro forma group and will be earnings accretive as of the first year (including the c.252 MEUR capital increase)
    • EPRA earnings per share forecast for 2022 increases from 2.00 to 2.07 EUR/share resulting in a 2021-2022 EPS growth of 15%
    • EPRA earnings per share forecast for 2023 increases from 2.20 to 2.38 EUR/share resulting in a 2022-2023 EPS growth of 15%
    • LTV post-transaction expected to be c. 52%

Christian Teunissen, CEO Xior: "From Xior’s start in 2007, we have continued to grow and professionalise. The company rapidly evolved from a small family business into a true professional student housing player. With this milestone acquisition of Basecamp, we will continue our growth story by adding not only 3 new countries, but also 11 state of the art, sustainable assets which are a perfect fit to our existing portfolio and future vision and will further strengthen our position as the market leader in continental Europe. I am confident that the combined expertise of our teams will help bring Xior to the next level.”

Armon Bar-Tur, Executive Chairman Basecamp: “From its inception, Basecamp has been a pioneer in the regions in which it operates, with high quality student accommodation and a community led experience at its core. We outpace our competitors through our in depth understanding of the GenZ audience that we attract. Xior and Basecamp will revolutionise the PBSA market by bringing together our complementary portfolios of properties. We will offer students across Europe the opportunity to live in inspiring rooms and life-enriching shared spaces. Our teams are delighted to come together and continue the exciting evolution of PBSA.”

1 Subject to EGM approval
2 Includes the contribution of Basecamp
3 Purpose Built Student Accommodation
4 If the entire committed pipeline is completed

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

Lyngby - Denmark
Malmö - Sweden
Christian Teunissen, CEO XiorArmon Bar-Tur, Executive Chairman Basecamp

Xior Press Release - Acquisition Basecamp - Announcement PR - EN - 30.05.2022.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