LaSalle and Urbania Unveil Spanish Living Joint Venture

LaSalle Investment Management and Urbania have announced a joint venture aimed at developing living assets in Spain, beginning with two major projects in the Parc de l'Alba masterplan near Barcelona's Universitat Autònoma de Barcelona (UAB). The first project, a purpose-built student accommodation (PBSA), will feature 610 en-suite rooms with modern amenities and is set to open in September 2025. The second development is a flex-living scheme with 255 units targeted for key workers and corporate occupiers, due to complete in Q3 2027. These projects align with LaSalle's strategic focus on growing sectors like student housing, amidst a shortage of supply and increasing demand. The initiative reflects a commitment to sustainability, aiming for high environmental standards. The partnership signifies a significant expansion in Spain's PBSA sector and LaSalle's continued investment in urban accommodation opportunities.