Vita Group completes sale of two Vita Student residences

Vita Student Pedralbes and Vita Student Poblenou will still be managed by Vita on behalf of Morgan Stanley Real Estate Investing (MSREI).

Vita Student Pedralbes (pictured), alongside Vita Student Poblenou, has been sold to a fund managed by MSREI | Vita Group | PBSA News
Vita Student Pedralbes (pictured), alongside Vita Student Poblenou, has been sold to a fund managed by MSREI.

Student accommodation provider Vita Group has completed the sale of two Vita Student residences in Barcelona, totalling 624 purpose-built student accommodation (PBSA) beds to a fund managed by MSREI.

Vita Student Pedralbes was the company’s first development outside of the UK, opening in September 2022. The building includes 274 studio apartments set within the university district of Barcelona. Amenities include terraces, roof gardens, a pool, indoor and outdoor gyms, co-working spaces, socialising spaces, and MasterChef style social kitchens.

Barcelona’s esteemed business schools – IESE and ESADE – are both within a short walk away, with Universitat de Barcelona and Universitat Politècnica de Catalunya also within easy reach.

Vita Student Pebralbes | Vita Group | PBSA News
Vita Student Pebralbes.

“We’re delighted to complete this transaction. Spain and specifically Barcelona have enjoyed significant student growth over the last decade, attracting top talent from around the world to study at their leading institutions. Vita Student Pedralbes and Poblenou are perfectly placed to service Barcelona’s active market and the businesses’ performance since opening our first scheme in 2022 is testament to this.”

Ioannis Verdellis, Chief Investment Officer, Vita Group

Vita Student Poblenou is situated in Barcelona’s vibrant 22@ district, close to the city and its renowned nightlife culture. Opened in September 2023, the scheme includes 349 studio apartments, a rooftop pool with views out to the sea and the city’s landmarks, social spaces, co-working spaces and private dining rooms.

As well as being conveniently placed nearby 22@s vibrant leisure offering and being within walking distance of the beach, Vita Student Poblenou is ideal for those studying at EADA, UPF and IED.

Vita Student Poblenou | Vita Group | PBSA News
Vita Student Poblenou.

Vita Student will continue to operate the buildings on behalf of MSREI, delivering its ‘all-in’ living experience featuring resident events, breakfast, and the ‘Begin Big’ programme, which has been designed to help students get ahead in their studies with everything from inspiring talks delivered by titans of industry to CV writing workshops.