Insights > Deals
Orla appointed to operate 1,500-bed Iberian PBSA portfolio
7 August 2026 | Management Agreement | Europe | 1,500 beds | Development
The third‑party mandate gives Orla an immediate operating pipeline across Spain and Portugal without requiring it to fund the underlying developments.
Key details
Asset type | Development |
Location | Spain and Portugal |
Capacity | 1,500 beds |
Party 1 | Promiris / BESIX RED |
Party 2 | Orla |
Value | Undisclosed |
Orla has been selected as the third-party operator for approximately 1,500 beds across an Iberian PBSA portfolio being developed by Promiris and BESIX RED. The mandate spans projects in Spain and Portugal and builds on the developers' wider plan to deliver close to 2,000 rooms across several university cities by the end of 2028. Orla's country team will apply its operating platform as the assets progress towards delivery.
The appointment expands the company's presence in Southern Europe through management contracts rather than direct real-estate ownership.
Strategic context
The mandate gives Orla operating scale across two structurally undersupplied markets while keeping its expansion comparatively capital‑light. The portfolio also gives Orla a platform from which to compete for further third‑party mandates in Iberia and broadens its European footprint beyond individual asset appointments.
For Promiris and BESIX RED, appointing a specialist operator early can align design, service and leasing decisions before the projects open.
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