Belgian student housing group Xior announced on Friday that it has secured over 90% of the shares in peer Quares Student Housing following the closing of a voluntary public tender offer for Quares' shares.

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The group, which first bought a 32% interest in Quares in October, will create the largest Belgian student housing platform. It represents an investment by Xior of around €156 mln and increase Xior's Belgian portfolio by over 25%.