Ernest Place
Ernest Place Rennys Lane, Durham, Durham, DH1 2GY, UK
362 units
This is an unique opportunity to step in the student housing market in Portugal in this dynamic stage, taking advantage of a positive market momentum through the acquisition of a sizable asset. The transaction is structured as a forward purchase agreement, with CRM acting as operator based on a management contract.
Located 15 min walking from the Campus and 20 min from the city centre, it has good road and bus connections to the city centre. Guimarães has+ 9,000 students but low supply of quality stock to accommodate the demand.
The asset will have a supermarket and a cafe open to public integrated in a building with exquisite modern industrial architecture preserving the authenticity of the asset.
Amenities: Meeting rooms, Security / CCTV, Laundry Room, Study Rooms, Gym, Communal Kitchen, Bicycle storage, Bicycle & Scooter, Car Parking, Wi-fi, Air-conditioning, Lounge & Bar, Supermarket
634 beds
Operated by CRM
Management agreement
Share Deal
Forward Purchase
Construction to start in Q2 2022