No more details concerning the asset’s location or its area were disclosed, but it is known that Urbania has further plans to invest in the alternative segments.
Urbania also intends to invest on senior residences both in Portugal and Spain and it is already looking for market opportunities. Another path it plans to follow is to expand its coworking portfolio with two new developments in Spain: MyMonday, in Madrid, which will have 4.000 sqm, and MyMonday in Malaga, next to the Muelle Uno shopping centre.
Aside from these plans, the company also intends to continue investing in student residences. In Portugal, Urbania only started investing in this segment last October, with 8 million euro invested in a new unit in Porto. At the time, Jeffrey Sújar, Syllabus’ CEO (Urbania’s brand specialised in this segment) revealed in an interview to Spanish newspaper Eje Prime, that «several opportunities» in this segment were being analysed both in Lisbon and in Porto.
The group has even more ambitious plans for this segment in Spain, which include the development of 8 other units – located in Madrid, Valencia, Malaga, Pamplona, Seville and Salamanca – for a total investment estimated at 150 million euro, which should be partly financed by American Invesco.