Project Postigo is located in central Madrid, within walking distance of Gran Via, Puerta del Sol and several international universities. The asset has recently been refurbished and the new owners plan to invest EUR 1.6 million in capex to increase bed capacity by 60%, improve revenue and enhance operational efficiency.

Yugo has been appointed under a new management agreement, bringing a specialist operator into the business plan.

Strategic context

For Eastborough Partners, the acquisition provides a value-add entry into one of Europe's deepest student-housing demand pools, with central Madrid benefiting from international-student demand and limited PBSA supply. The partnership with Aguirre Investment Management adds local operating and investment-management capability, while Yugo's appointment gives the asset a recognized international operating platform.

For the Madrid market, the deal reinforces investor appetite for existing assets where capacity, revenue and operations can be improved without waiting for ground-up delivery. It also aligns with Spain's continued liquidity in student accommodation, supported by Erasmus demand and a low PBSA provision rate in the asset's catchment area.