Xior Student Housing, the Belgian real estate investment trust (B-REIT), has agreed to acquire two properties in the cities of The Hague and Delft in the Netherlands for €24 mln.
The property in The Hague is located on Waldorpstraat and consists of two completely separate buildings. The property has 72 independent studio apartments.
The property in Delft is located at Antonia Veerstraat 1-15 and will consist of 118 units. It is part new construction and part redevelopment.
Both transactions are scheduled for completion in mid-2017.
Christian Teunissen, CEO of Xior said, 'With this acquisition we will be able to consolidate our presence in the existing markets of The Hague further, and we will also expand to a large university town such as Delft. It strengthens Xior's position in the Netherlands as part of the planned growth strategy.'
Xior Student Housing is the first Belgian public regulated real estate company specialising in student housing in Belgium and the Netherlands.
