Fund invests €60.5 million in luxury university residence in Porto

  • ECO News
  • 26 August 2022

Investment fund V Student (Bankinter, Valeo Group and Plenium Partners) injects 60.5 million euros in a new luxury university residence and a building for young professionals in Porto.

To meet the growing demand for accommodation in Porto by university students and young professionals, the investment fund V Student – consisting of Bankinter, Valeo Group and Plenium Partners – has injected €60.5 million into a new luxury university residence and the first building “coliving – LIV CoLife Porto,” says the group in a statement.

The city of Porto has, therefore, from now on a new luxury university residence, the LIV Student Campus Street, with 734 rooms, which even has a gym and swimming pool, in addition to other features – karaoke room, social kitchens, study and multimedia rooms, parking, laundry and cafeteria.

The new university residence, LIV Student Campus Street, situated in the area of the Asprela university campus, a few metres from the main Higher Education institutions located near the São João Hospital, brings an innovative concept of residence that provides students with accommodation, common spaces and services, describes the brand.

This project was also designed with environmental concerns in mind, by using renewable energy through the installation of solar panels on the top floors of each unit.

In addition to student accommodation, the Valeo Group is now launching a new concept, called LIV CoLife, to “meet the huge demand for more flexible accommodation options” for young professionals. This first coliving building – LIV CoLife Porto has 71 rooms, and coworking spaces, a gym, study rooms, living and rest areas, common kitchens. Among the promoters of this project are Bankinter, the American group Valeo Groupe and Plenium Partners.

Currently, the brand is present in Portugal, Spain, Ireland and England, with expansion to more European countries on the horizon in the coming years.