Eastborough Partners, alongside Spanish operator Aguirre Investment Management, has completed the acquisition of Project Postigo, a prime purpose-built student accommodation asset located in the heart of Madrid, within walking distance of Gran Vía, Puerta del Sol and several international universities.
The property has recently undergone a high-quality refurbishment and will benefit from a value-enhancement business plan aimed at increasing revenue and improving operational efficiency. As part of the strategy, the new owners will invest €1.6 million in capital expenditure to increase bed capacity by 60%, while appointing Yugo, one of the world's leading student housing operators, under a new management agreement.
The acquisition comes at a time of strong momentum for Spain's student accommodation sector. Spain remains the leading destination for Erasmus students in Europe, while Project Postigo's catchment area includes approximately 108,000 students despite a purpose-built accommodation provision rate of only around 7%, one of the widest supply-demand gaps across the continent.
These structural market fundamentals, combined with Spain's favourable macroeconomic environment, have positioned the country as the second most liquid student accommodation investment market in Europe, with approximately €1.2 billion transacted in 2025.
Project Postigo's prime central Madrid location and proximity to leading national and international universities make it particularly attractive to international students while creating opportunities to establish partnerships with nearby academic institutions.
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