Student Housing Deals
Hines acquires a 339-bed asset in Madrid
30 January 2026| Asset Acquisition | Spain | 300 beds | Development
Hines announced the acquisition of a new purpose-built student accommodation project in Móstoles, Madrid, marking its first entry into the city's student housing sector.
The project is managed by Nero Quality Consulting, a local developer with experience in living sector projects.
Key details
Asset type | PBSA under construction |
Capacity | 339 beds |
Value | €36 million |
Fund | Hines European Real Estate Partners III (HEREP III) |
Location | Móstoles, Madrid |
Size | GBA of 11,933 sqm |
The building will be located in a prime strategic area adjacent to Rey Juan Carlos University and directly opposite the university hospital.
Once completed, it will be operated by Aparto, Hines' international platform of student residences and flex living.
In terms of services, the project will incorporate the standard of modern residence: outdoor pool, paddle tennis court, gym, coworking, study areas, multipurpose rooms, rest areas, laundry and living spaces in community, among others.
The project has been conceived under sustainability and well-being criteria and aims to achieve BREEAM Excellent, WELL Gold and EU Taxonomy alignment.
Strategic context
Strategic context
Hines' strategy concentrates on locations with clear structural demand and strong potential.
This acquisition expands Hines' Iberian PBSA portfolio, which already includes operational assets or developments in Barcelona, Valencia, and Porto. Across the Iberian Peninsula, Hines now manages or has under development more than 3,200 beds.Of these 1,600 are operational beds and 1,600 are expected to be deployed by 2028.
Overall, Hines grows its European PBSA portfolio to almost 9,000 beds with a further c. 4,000 under development across the continent.
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