Temprano Capital Partners and CPA®:18 – Global acquires new student accommodation site in Valencia
Temprano Capital Partners, in collaboration with CPA®:18 – Global, has acquired a prime site in central Valencia to develop a high-quality student housing project which will provide 290 studios.
Valencia, Spain’s third largest city, is a popular destination for both national and international students, with more than 100,000 full-time students.
Temprano Capital Partners will be developing the project under the TSL (Temprano Student Living) programme which currently comprises four projects in Portugal – including both completed and under development schemes – and three projects in Spain, currently all in development phase. The TSL programme, as it stands, will provide a total of 2,400 studios.
Through a joint venture agreement between Temprano Capital Partners and CPA®:18 – Global, the site, located in Calle Ruaya, Valencia, was acquired to develop a new high-end student residence project.
The new student residence in Calle Ruaya in central Valencia will provide accommodation for 290 students in a 10,000 sq m building, with access to the main university campuses by tram or cycle paths.
The project will incorporate a private fitness suite, swimming pool & sauna, residents’ club lounge and dinner party room, on-site cinema, library and study rooms, individual en-suite facilities, all-inclusive rents and a 24/7 concierge service.
Students will also be able to enjoy privacy in their individual studios with high speed Wifi and TV as well as a study area.
The new residence will be open in time for the 2020 academic year.