Joint venture between EQT Exeter and Grupo Moraval, a leading Spanish developer, set to deliver a portfolio of purpose-built student accommodation assets in Spain.
The joint venture constitutes EQT Exeter’s first investment in Spain and combines its ‘business to consumer’ strategy, which is focused on taking advantage of demographic changes occurring across Europe, and its social impact approach to value creation.
The joint venture will focus on delivering a portfolio of purpose-built student accommodation facilities in Spanish cities with growing student housing demand and a relatively low percentage of the respective city’s students who can be accommodated under currently available student housing, also referred to as the provision rate.
The assets will be let at market-rate rents under the newly created “Nodis” brand and the joint venture has already secured two initial sites in Seville and Málaga comprising approximately 1,500 beds in total.
The residences will be equipped with state-of-the-art facilities, high-quality amenities and premium services including but not limited to gyms, private lounges, living and gaming areas, libraries, work and study spaces, cinemas, parking, free high-speed internet and rooftop terraces.
The icons illustrate the portfolio companies' positive societal contributions based on their solutions i.e. how their products and/or services solve key challenges expressed as the Sustainable Development Goals (SDGs).