San Mames Residence Hall
Spain Freehold Student Accommodation Complex

San Mamés Residence Hall

Student Housing
306 units
Calle Cortes, 38, Bilbao, Biscay
48003 Spain

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.

Managing Director
Spain Investment

Juan Acosta

PROJECT SCOPE

The San Mamés freehold development provides high quality student housing at competitive rental rates. The turnkey acquisition of the unique asset in Bilbao, Spain, comprises of 351 student beds with single and double bed options and is part of a larger ~270,000 sf (6 acre) mixed-use development including a 160-bed hotel and ~80,000 sf of commercial space. Bilboa Termibus is part of the greater RESA student housing portfolio.
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