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Vita Group completes the sale of Poblenou

Vita Group completes sale of two Vita Student residences in Barcelona

Vita Group has completed the sale of two Vita Student residences in Barcelona, totalling 624 PBSA beds to a fund managed by Morgan Stanley Real Estate Investing (MSREI).

Vita Student Pedralbes was Vita Group’s first development outside of the UK, opening in September 2022. The building has 274 studio apartments set within the university district of Barcelona. The building boasts beautiful amenity with terraces, roof gardens, a pool, indoor and outdoor gyms along with co-working spaces, socialising spaces and MasterChef style social kitchens. Vita Student Pedralbes is perfectly placed to service Barcelona’s esteemed business schools IESE and ESADE, both of which are within a short walk, with Universitat de Barcelona and Universitat Politècnica de Catalunya also within easy reach.

Vita Student Poblenou is situated in Barcelona’s vibrant 22@ district, close to Barcelona’s renowned nightlife and within easy reach of the city centre amenity. Opened in September 2023, the building has 349 studio apartments, a stunning rooftop pool with views out to the sea and the city’s landmarks and is complemented with social spaces, co-working spaces and private dining rooms. As well as being perfectly placed for residents to advantage of 22@s vibrant leisure offering, Vita Student Poblenou is ideal for those studying at EADA, UPF and IED and within walking distance of the beach.

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

Ioannis Verdellis, Chief Investment Officer for Vita Group said: “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.”

Place & Community

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Place & Community

Create thriving communities, a principle which has been with us from the very start, it’s simply not good enough to create a building without thinking carefully about its context and the wider impact it has on its surrounding neighbourhood. We’re driven to create communities within communities as well as respond to and complement the neighbourhood and its eco-system. Creating tomorrow’s city living means we must be part of the DNA of that city and partnering with local authorities. This includes connecting with local suppliers, talent, charities, and businesses, collaborating on important community initiatives and helping to develop surrounding spaces. It’s not just about helping to regenerate cities; it’s helping them to function effectively.

Talent

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Talent

Create a culture and environment which allows our colleagues to thrive. We recruit the very best people and give them the opportunity to be better. From our fair pay policies and flexible working, to personal development programmes, life shaping experiences, and inclusive recruitment, everyone has the best opportunity to thrive.

Environment

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Environment

To really effect change and create a platform in which cities thrive, we know we need to look beyond building design, carbon creation and energy usage. We must tackle bigger issues and help change behaviours, as such we’re creating initiatives which help users across the platform understand the role they can play in reducing our impact on the world.

Sustainable Operations

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Sustainable Operations

Continually reduce our use of the planet’s valuable resources, working towards net-zero carbon, sourcing green energies and reducing non-recyclable waste.

Building Design

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Building Design

Building design – create a harmonic balance between buildings, the environment and their users. Constantly looking at ways we can improve efficiency (reducing U and Y values), reduce embodied carbon through production whilst ensuring wellbeing through design and innovation to create high performing buildings which enable their occupants to live more healthily and productively. It includes elements such as air quality, sustainable construction and amenities.

Governance

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Governance

Applying best practice and the highest standards and ethics to everything we do. From how we manage personal data to how we conduct our business in every aspect of the corporate and consumer realm. Our policies and practices ensure we’re constantly reviewing, auditing and ensuring statutory compliance and principled integrity. We are guided by best-in-class professional advisory firms in developing and reviewing our corporate policies, as well as following national guidance on health and safety and sector-specific codes of practice to ensure we maintain the state of the art.

Welfare & Wellbeing

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Welfare & Wellbeing

Provide a welfare and wellbeing care package for all our people to access. Ensure every resident feels welcome, is part of the community and has the best possible opportunity to thrive incorporating physical and mental wellbeing. This includes constantly evolving our services such as the duty of care charter, onboarding events, our state-of-the-art gyms and free to use bikes.

Society

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Society

We know that in helping to create tomorrow’s cities, we have a responsibility to have the best possible impact on society as a whole. As such, we won’t be afraid to challenge those things which just don’t sit right. So don’t be surprised to see us take a knee at the start of a sporting event, celebrate key religious holidays, and fly the rainbow flag for pride. To create a better tomorrow, we must stand together today.