Nexo is a well-known Spanish platform of services, which develops, owns and manage students halls of residence of high quality. Currently owns a portfolio of approximately 2,300 beds located in Madrid and Barcelona, strategic cities. According to the Spanish Real Estate, the sale of Nexo comes less than a year after GSA purchased Oaktree’s platform of halls of residence in the UK, comprising 7,100 beds, back in September 2016. This operation have also been advised by JLL.
“We have been working with Nexo's team, since 2012, to design one of the best students residences platform most prominent of the Spanish market. The hall of students’ residences sector in Spain is in a development stage and continues to be an appealing investment. We believe that with GSA this business will not cease to strengthen and increase its market share”, said Bob Crompton, CEO at Threesixty Developments.
Nicholas Porter, founder and President of GSA, said that “we continue to fulfill our plans for rapid expansion in Europe with focus on higher education markets, where there’s a strong imbalance between supply and demand. We carefully direct our brands to students, in order to capture the students hall of residences demand, of high quality and with excellent customer service", states the same source.
