Insights > Deals
Colonial and Vita form €1 billion Madrid student‑living joint venture
24 September 2026 | JV | Spain | 2,200+ beds | Operational and Development
The 50/50 venture combines an operating residence with two projects that will extend Vita's Madrid pipeline through 2028.
Key details
Asset type | Operational and Development |
Location | Madrid, Spain |
Capacity | 2,200+ beds |
Party 1 | Colonial SFL |
Party 2 | Vita Group |
Value | €1 billion |
Source: Vita Group
Colonial SFL and Vita Group have formed a 50/50 joint venture covering three living assets in Madrid with more than 2,200 beds across 92,000 sq m. Oria South opened in September 2026, while Oria North is scheduled for 2027 and Santa Hortensia for 2028.
The portfolio combines purpose‑built student accommodation and flexible living, with the partners valuing the platform at around €1 billion once stabilised. The venture can also add further assets and bring in third‑party capital over time.
Strategic context
The partnership gives Colonial immediate exposure to operating student housing while retaining development‑led growth through two additional Madrid assets.
For Vita, the venture adds a long‑term institutional partner and a structure that can support further expansion in Spain and other European markets.
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