Entrecampos moves forward with its first student residence

Entrecampos moves forward with its first student residence


The building in question was acquired at the end of last year for 3.5 million euro, and is located at number 8 Calle Acuerdo, in San Bernardo, Madrid. It has a total area of 1.729 sqm and will be managed by a specialised operator.

According to EjePrime, this purchase was closed using the REIT’s own funds, besides a 2.22 million euro loan from Bankia.

This year, Entrecampos does not predict carrying out any new operations.


More investments in Portugal

This year, the company should invest around 3 million euro in a building it bought last April in Lisbon, for 5.8 million euro.

According to the same source, 25% was paid during the contract’s signing, 25% six months later and the remaining 50% will be paid this year.

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