Temprano Capital Partners and WP Carey complete Lisbon student accommodation development

By March 7, 2018News

Wed, 07/03/2018 – 09:52

Temprano Capital Partners and CSH PAN European Holding Cooperatief, a fund managed by WP Carey Inc, has opened its first student residence in Portugal, TSL Marques de Pombal. The development, a refurbishment of the former CTT (post Office) HQ, will be operated by Collegiate.

TSL Marques de Pombal will set a new benchmark in the student housing sector, offering students a world-class product, services as well as community.

The building, which is located in the heart of downtown Lisbon, in close proximity to the Avenida de Liberdade and the landmark Marques de Pombal square, offers student accommodation across 330 studios, each with en-suite bathroom facilities as well as fully equipped kitchens.

In addition, occupiers will benefit from a multitude of additional services, including: several lounges, dinner party rooms, terraces and study spaces; a games room and a cinema room; an indoor swimming pool and gym; full laundry facilities, 24-hour concierge and security; as well as high speed WIFI internet access.

Temprano Capital Partners and WPCarey acquired the building in 2016 with the 10-month redevelopment programme getting underway in March 2017.

Temprano Capital Partners and WPCarey currently have several other projects in the pipeline in both Portugal and Spain with a view to creating a portfolio of several thousand beds across the Iberian Peninsula over the short and medium term.

Source: Property Funds World