Spain Freehold Student Accommodation Complex
San Mamés Residence Hall
The San Mamés Residence Hall development is a 351-bed freehold student accommodation in Bilbao, Spain. Part of a larger 6 acre-site this mixed-use development establishes a market for the type of purpose-built rental accommodation known as multifamily in the US.
Residents benefit from a host of city amenities, including bars, restaurants, and cultural sites as well as the hotel, shopping centre and gymnasium on-site. In addition to the excellent location in the city centre of Bilbao, the San Mamés Residence Hall is ideally situated next to University of Basque Country (UPV) facilities. Walking distance are UPV's Engineering and Medical campuses, Basurto Hospital, San Mamés stadium, Guggenheim museum, Museo Maritimo Ria de Bilbao, and Bilbao Exhibition Center.
Spain is one of Europe’s fastest growing economies with a serious shortage of purpose-built rental accommodation suitable for students and young professionals. Greystar’s acquisition of RESA marked its first investment in Spain and serves as the platform to expand and build a diversified rental housing business and portfolio with backing from global institutional capital.
With the Termibus Bilbao Complex ideally situated in one of the most cutting-edge areas of the capital of Vizcaya, Greystar will continue to develop a significant multifamily pipeline in Spain and grow its offering to meet the demand from the country’s young and highly mobile urban population wanting a flexible alternative to traditional rental housing.