Xior Student Housing signs agreement on the acquisition of a student housing complex in Enschede

Investment value of approximately EUR 28 million

Xior Student Housing NV, the Belgian real estate investment trust (BE-REIT) specialising in student housing in Belgium and the Netherlands, has signed an agreement for the acquisition of a 271-unit student complex in Enschede, the Netherlands. The transaction, which is subject to a number of conditions, has an investment value of approximately EUR 28 million.

Acquisition of a student complex in Enschede
Xior has signed an acquisition agreement for the redevelopment project of the former hospital on Ariënsplein in Enschede, the Netherlands, consisting of 271 student rooms (166 self-contained units and 105 non-self-contained units). Besides the student rooms, the transaction also includes two education facilities. The non-self-contained units as well as one education facility have already been rented out to educational institution Saxion for the long term (10 years and 8 years, respectively).

This acquisition represents an investment value of approximately EUR 28 million (furnished building) and is expected to have an initial yield of approximately 6.3%.

Upon fulfilment of all conditions this acquisition will allow Xior to acquire a renovated property in a Dutch student city where it was not yet present. The presence of Saxion makes the site a perfect hub for students and their accommodation, located near the heart of Enschede and with public transport nearby.

The acquisition and commissioning of the building in Enschede is planned for 2018. The developer will complete the building in stages and has provided Xior with a one-year rental guarantee for the non-rented sections (self-contained units) as well as a three-year guarantee for the second education facility.

This project is being redeveloped by the L.I.F.E. group, from which Xior previously acquired 143 student units in Maastricht in 2016 and 69 units in Brussels in 2017.

Christian Teunissen, CEO of Xior: "We are delighted to add this new project to our portfolio, thereby entering a new student city in the Netherlands, in close cooperation with the higher education institute present on the site."

 

For more information about this transaction please contact:
Xior Student Housing NV
Mechelsesteenweg 34, Box108
2018 Antwerp
www.xior.be I info@xior.be

For more information on the rental of student rooms, please contact:
Xior Student Housing
T +31 88 6000 189
E beheer@xior.nl

Ariënsplein Enschede (Source: Google Street View)Ariënsplein Enschede (Source: Google Street View)

Xior Student Housing NV

 

Christian Teunissen, CEO

 

Frederik Snauwaert, CFO

 

Arne Hermans, CIO

 

Share

Get updates in your mailbox

By clicking "Subscribe" I confirm I have read and agree to the Privacy Policy.

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