Ace Law assisted Xior Student Housing on its 178.9mio EUR Rights Issue

We are delighted to have played our small part in the succesful rights issue of our client, Xior Student Housing (the BE-REIT specialised in student housing in Belgium, the Netherlands, Spain and Portugal), raising 178.9mio EUR.

Student housing is a very special sector in the broader real estate field, as it always needs to be focused on the needs of the student, which forces everyone involved to stay young at heart (and at mind). The entire team at Xior really lives up to that, and, hence, there’s never a dull day in working with them. Couple that with a large amount of team spirit and you get a real sense of family, which is a large part of the success (and non-stop growth) Xior has known since its IPO just 5 short years ago.

Clearly, the market agreed, as the existing shareholders (through the exercise of rights) provided a whopping 92.62% of the support for this transaction, and the remaining private placement was more than four times oversubscribed.