Temprano CP acquires student residence in Madrid

Temprano CP acquires student residence in Madrid

Photo Collected From Google Maps

The property has been operating since 2018 under the Collegiate AC brand. The Aravaca property is a «high-quality PBSA residence» located to the North-West of Madrid and providing 215 self-catered studios alongside 2,000 sqm of common areas, including a library, study rooms and coworking spaces, residents’ lounge, private dining rooms, gymnasium, multi-media rooms, as well as a terrace and outdoor areas.

In addition to its extensive common areas, the residence offers a fully inclusive 24/7 concierge service and high-speed Wi-Fi throughout the project. Each studio includes its own kitchen, bathroom, Smart TV and air-conditioning, as well as high-quality furniture and fittings to create a comfortable environment.

This student residence is located at Avenida del Talgo, 79, and is well located by public transport links to the nearby Complutense campuses in both West Madrid and Somosaguas. The property also has public transport links to central Madrid, as well as benefitting from the nearby shops, restaurants and local amenities of the popular Aravaca and Pozuelo neighbourhoods.

Timothy Young, head of acquisitions for Temprano, commented: «This acquisition is an excellent fit for our portfolio, providing high-quality modern space for students at a reasonable price. The property is well located to serve the principle university campuses in Madrid and reinforces our presence in Spain’s capital».

This operation follows the acquisition by Temprano of Marques de Pombal, Lisbon also operated under the Collegiate AC brand.

For Academic Year 2020/ 2021 Temprano will be opening 5 new Livensa Living residences, in Barcelona, Granada and San Sebastian in Spain, as well as in Oporto and Lisbon in Portugal.

Temprano has a portfolio of over 2,000 beds in operation and an additional 2,000 beds due to start operation for this Academic Year 2020/2021, plus an additional 6,000 beds of secured pipeline currently under development across Spain and Portugal, all of which are expected to be operated under the Livensa Living brand.

Press Released By Temprano Capital Partners

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