Insights > Deals
Smart Living Properties expanded its portfolio with 131‑unit student residence in Cádiz
7 October 2026 | Asset acquisition | Spain | 131 units | Development
Situated near the University of Cádiz, the residence is scheduled to open in the second quarter of 2027, operated under the Lemonade brand.
Key details
Asset type | Development |
Location | Cádiz, Spain |
Capacity | 131 units |
Seller | White Investing RE |
Buyer | Smart Living Properties |
Operator | Lemonade |
Value | Undisclosed |
Source: Invertia
Located in Cádiz's historic centre near the university, the approximately 4,000 sq m building was acquired while under construction, as reported by Invertia. Once open, the property will operate under Bestinver’s Lemonade student‑housing brand and offer shared amenities such as study rooms, a gym, a cantina, and a rooftop pool
Strategic context
The purchase adds Cádiz to Smart Living Properties’ student‑housing portfolio, alongside Santiago de Compostela, Murcia, Valencia and Valladolid. It expands the platform into another university city through a development‑stage acquisition, with rental income dependent on completion and opening.
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