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Syllabus plans 9 student residences for Portugal and Spain
21 October 2019 | Vanessa Sousa

Until 2021, Syllabus and Invesco plan to develop 9 student residences in Iberia – 8 in Spain and 1 in Portugal – for a total investment estimated at 150 million euro.

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The main university cities in Spain were chosen to host these new units – Madrid (2), Valencia (1), Malaga (1), Pamplona (1), Seville (1), Salamanca (1), and another undisclosed city. In Portugal, Porto was the city chosen to develop a project of this type, estimated at more than 8 million euro. These new units, all together, will offer 3.000 more beds to Iberian students in the next few years, advances Spanish newspaper Eje Prime.

These projects are the result of a partnership established by the two companies at the beginning of the year and through which they agreed to invest 250 million euro in this segment within the next five years.

Portugal and Italy will remain under the radar

This should not be the only unit from Urbania’s subsidiary to be developed in Portugal, since «several opportunities» are being analyzed in Lisbon and also in Porto, according to Jeffrey Sújar, Syllabus’s CEO, in an interview to the same daily newspaper. Although the assessment of these future investments is at the preliminary stages, there is already the expectation of «closing new operations in 2020» in the Portuguese market. 

Entering the Italian market is another goal for Syllabus, which, however, has been facing some obstacles. For Jeffrey Sújar, the process is «very bureaucratic, slow and unclear, making it hard to know what its current status is».