The Hatchwells evolve their Homiii concept with 'coliving'

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

Hatchwells takes a step forward in their student housing business. The Socimi Excem Real Estate will invest 280 million euros in bringing its concept of shared flats to a concept of 'colving'. The company, which has set its target for five years (until 2023), will expand its portfolio of assets in other cities such as Barcelona, ​​Bilbao, Seville or Valencia.

Excem will move from Homiii shared flats to Homiii Coliving. The main changes will be that the buildings will be common and new and will rotate on three pillars: investment in buildings and floors, innovation, with technology and sustainability as a bantera, and community, with events and activities.

The investment that Excem will allocate to new purchases will allow reaching 3,200 rooms throughout the national territory. As reported by the group to the alternative stock market, at this time the pipeline under study is 100 million euros and includes the disembarkation in other cities beyond Barcelona, ​​Valencia, Seville, Malaga and Bilbao.

Thus, the company already has prepared purchases for that matter that will allow them to reach the 1,143 rooms. Of these, the most important number will be located in Barcelona and Valencia, two with more and more demand for student accommodation. Specifically, Excem has in its 'pipeline' the opening of 409 rooms in Valencia with an investment of 28.4 million euros. euros, and another 405 in the Catalan capital, with 46.5 million of investment.

Hostels, another business to explore

As anticipated idealista/news, the company has set the goal of diversifying into new businesses and invest more than 300 million euros through its company Situr, specializing in 'hostels'.

Situr, which has a structure of more than 35 national and international investors, has so far made an investment of 40 million euros in the purchase of three hostels in Madrid, located in Postigo San Martín, Cañizares and Cabezas streets, and two more in Portugal, in Porto and Lisbon.

"Right now we have 1,100 beds throughout the peninsula, and our idea is to reach 6,500 beds throughout Spain, Portugal and Western European countries," explained Andrés Sánchez, CEO of Excem Real Estate. According to Sanchez, the entry of Situr in the international market, which will be done without the help of any local partner, will be finalized with his first purchases in cities such as Prague, Budapest, Athens or Rome.

"At the moment we have a 'deal flow' (portfolio analyzed) of 340 million euros, although we have gasoline of 260 million euros to invest until 2021," says the executive, who before founding Excem Real Estate was an investment adviser of real estate funds like Brixton Vayomer.

The ties of the Hatchwell saga with the real estate world go back to the early seventies, when Mauricio Hatchwell Toledano founded the group, specialized first in cement and, later, in technology and real estate. Currently, the company is run by its sons David, Philip and Kareen Hatchwell Altaras.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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