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Student Experience has received the building permit for the construction of a Purpose Built Student Accommodation (PBSA) in Pozuelo de Alarcón, Madrid. Construction will begin this month and completion is expected at the end of 2022. The student housing complex will include 600 independent studios, commercial spaces, and a multitude of facilities. The construction method is a combination of prefabricated elements and parts to be made on site.

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Johan Verweij, founder and CEO of Student Experience: “This property in Madrid is part of Student Experience's European ambition to expand abroad. We see a great demand on the Spanish market for good and reliable housing. This student complex of more than 23,000 m2 is equipped with all conveniences and amenities. ”

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The innovative complex is distinguished by high-quality furnishing, services, facilities; including a multifunctional lounge, large swimming pool in a cozy courtyard, sports field on the roof, gym, laundromat, private dining room, various study rooms, sports track around the building and a catering facility that is accessible to everyone. A wide range of activities are organized for and by the students. Furthermore, the Student Experience team will be available 24/7 at this full service location.

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Learn more about the Spanish PBSA market

On June 3rd The Class Foundation will be hosting a Southern European Student Housing Market Update. The focus will lie on student accommodation (PBSA) acquisitions, investment, and performance within Southern Europe; specifically Italy, Portugal, Spain, and France.