European real estate firm Quares has acquired a student accommodation property in Brussels.
European real estate firm Quares has acquired a student accommodation property in Brussels.
The investment volume for the acquisition of 'Van Orley' on behalf of the Quares Student Housing Fund came to €13 mln.
The property comprises 67 rooms and seven suites on Bischoffsheimlaan. Quares plans to add an additional 16 units to the complex operated by Br, a partnership between Dutch-language higher education institutions in Brussels.
This is the second investment to be carried out recently by the Quares Student Housing Fund, which was founded nine months ago. So far, the fund owns 120 student bedroom rooms and it is planning a total portfolio of 500 units.
Quares operates in the Benelux, Germany and France.
