Campus Location
The city of Sevilla has two main campus areas, 1 relatively new in the north “La Cartuja” and the historical “University” area in the south. While Campus South, with apprx. 50.000 students, is a long time established student district, the area gets currently close to saturation due to numerous small to large sized student residences. The Cartuja campus, which grew only as of 1993, through the reconversion of the Expo ’92 exposition site, is a relatively new campus where a big gap remains between offer and demand for student accommodations. Currently, over 8.000 students study on the Isla de la Cartuja spread over multiple faculties and educational institutions. In recent years, the main university in Sevilla, the Universidad de Sevilla, relocated multiple faculties to this area. However, only 1 small sized residence is currently operational in the area.
Market
With a student population over 10.000, still increasing over time, and with multiple research facilities, incubators, businesses and start ups on “La Cartuja”, the area is reinventing itself as the new tech hub of Sevilla. Currently, 1 small sized residence is operational but LIFE.ES foresees to be the second and biggest one by Q1 2022.
Financials
A stabilized GOI in Y3 is estimated at €1.566.411.
The project can be delivered with our without an operating contract through a rental agreement. The rental contract, with an international operator, will offer throughout the 10 year duration of the contract an average annual rent of €1.000.000. All operational expenses are covered by the operator in this contract. A valuation report by CBRE estimates the gross market value of the residence, at completion of the works, at € 20.700.000.
Campus Location
The city of Sevilla has two main campus areas, 1 relatively new in the north “La Cartuja” and the historical “University” area in the south. While Campus South, with apprx. 50.000 students, is a long time established student district, the area gets currently close to saturation due to numerous small to large sized student residences. The Cartuja campus, which grew only as of 1993, through the reconversion of the Expo ’92 exposition site, is a relatively new campus where a big gap remains between offer and demand for student accommodations. Currently, over 8.000 students study on the Isla de la Cartuja spread over multiple faculties and educational institutions. In recent years, the main university in Sevilla, the Universidad de Sevilla, relocated multiple faculties to this area. However, only 1 small sized residence is currently operational in the area.
Market
With a student population over 10.000, still increasing over time, and with multiple research facilities, incubators, businesses and start ups on “La Cartuja”, the area is reinventing itself as the new tech hub of Sevilla. Currently, 1 small sized residence is operational but LIFE.ES foresees to be the second and biggest one by Q1 2022.
Financials
A stabilized GOI in Y3 is estimated at €1.566.411.
The project can be delivered with our without an operating contract through a rental agreement. The rental contract, with an international operator, will offer throughout the 10 year duration of the contract an average annual rent of €1.000.000. All operational expenses are covered by the operator in this contract. A valuation report by CBRE estimates the gross market value of the residence, at completion of the works, at € 20.700.000.