The student residence will be called Micampus Pamplona student Hotel and it will have 5.107 sqm spread across 126 bedrooms, one gym, 5 multipurpose rooms, one library, cafeteria, laundry room a 50 sqm chillout area a communal kitchen and 58 parking spots. As the name indicates, the student residence will be managed by Micampus.
This unit is located at Calle Iturrama, in the centre of the city of Pamplona, near the Universidad de Navarra and the Universidad Pública de Navarra. Stoneweg acquired this building, known as Hotel AC Ciudad de Pamplona, last December.
In order to become a student residence, the building underwent a refurbishment process in the last months estimated at 2.5 million euro, which increased the number of bedrooms and the adaptation of the common areas so as to meet the needs of its new tenants.
For Joaquín Castellví, founding partner & head of acquisitions at Stoneweg «this new acquisition shows, once again, that Stoneweg bets on unique buildings to which we continue adding value. We will remain alert to similar opportunities so as to keep growing in a continuous and sustainable fashion», he added.
