Temprano Capital Partners acquires a new operating student residence in Madrid

Temprano Capital Partners (“Temprano”) recently acquired this PBSA property in Iberia, located in Aravaca, Madrid. The property has been operating since 2018 under the Collegiate AC brand. It follows the acquisition by Temprano of Marques de Pombal, Lisbon also operated 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 library, study rooms and coworking spaces, residents’ lounge, private dining rooms, gymnasium, multi-media rooms, as well as terrace and outdoor areas.

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.

The city of Madrid has the largest number of students in Spain followed by Barcelona, Valencia and Seville respectively. The number of students enrolled in the region, in the 2018-2019 academic year, was more than 300,000 students, of which 196,400 are in public universities and the remainder are in various private educational institutions around Madrid.

The large student population in Madrid includes a large contingency from other regions of Spain (approximately 80,000 according to internal research) and approximately 24,000 international students principally Europeans and from the Americas.

The attraction of Madrid is due, in part, to the wide and diversified offer of numerous prestigious academic courses, in addition to the fact that the Madrid region offers a dynamic growth economy, capable of producing great employment and professional development opportunities for graduates. Being the Spanish capital, the region also results in other attributesincluding a rich and varied cultural offer with multiple leisure activities available to its inhabitants.

The Aravaca property is located at Avenida del Talgo, 79, and is a 5 minutes’ walk from the eponymous suburban train station and well located by public transport links to the nearby Complutense campuses in both West Madrid and Somosaguas. The property also has excellent 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.

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.

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.”

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. EDITOR´S NOTE

TEMPRANO CAPITAL PARTNERS – INVESTING IN THE IBERIAN MARKET

Temprano Capital Partners (“Temprano”) is an investor and developer with a focus on the Living Sector in Spain and Portugal. It has a pipeline of 10,000 purpose-built student housing beds, either operational or under development or over which it has rights to purchase, across 23 properties in the region’s main university cities. Livensa Living is Temprano’s own-brand for its student housing sites under operation. www.livensaliving.com

Temprano’s first project in student housing, Marques de Pombal in Lisbon, which opened in 2018, won the award for “Best in Class for Property Innovation & Sustainability”” awarded by The Class of 2020.

Temprano is also active in the retail sector in cities such as Madrid, Barcelona, Zaragoza and Gandia.

Across its activities, Temprano’s strategic aim is on the creation and improvement of net income deriving from its portfolio through asset selection, development, repositioning and management of operational expenses. Livensa Living aims to provide a first-class student experience conducive to learning, creativity and recreation within a context of safety and health.

Temprano was founded by Neil Jones and James Preston in 2013 and today is owned in a Joint Venture between its Founders and Brookfield.