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GSA plans to invest around 300 million euros in student residences

Juan Peñaloza 06/04/2014

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Investor Information

The British group specializing in the student residences business
GSA plans to invest around 300 million euros over the next five
years to add 10,000 beds, as explained by Christopher Holloway,
CEO of GSA in Spain, and Miguel Muñoz, director of real estate
acquisitions of GSA.

In this same sense, the company aims to have 250,000 beds
under management until 2025, deepening in the Spanish market,
the plan is to manage 10,000 beds in the next five years. For this,
the group will project an investment of between 300 million and
350 million euros.

With 26 years in the industry, GSA has developed a uniqueoperating platform and achieved high occupancy levels of over 97%. Likewise, the company operates in all the main
university learning areas in the world, Germany, China, Japan,
Australia, the United Kingdom, Ireland and Dubai, and has
already gotten to work with the first two projects that will be
carried out out in Spain under his management.