Xior Student Housing completed the acquisition of PBSA assets of Basecamp and European Student Housing Fund for €939m.

Xior Student Housing, a Belgian real estate company, completed the acquisition of PBSA assets of Basecamp Group, a student housing services provider and European Student Housing Fund, for €939m ($1bn). "I am very proud to announce the successful closing of the BaseCamp acquisition. I am also very thankful to all our shareholders for their support and to the Xior & BaseCamp teams who worked day and night to successfully complete this acquisition. I also want to welcome BaseCamp to our Xior family. I truly believe that, thanks to the strong market position each of the two companies has built, the highly complementary portfolios and the benefits of additional competencies, we are now stronger and more resilient. Thanks to this major step forward a new dimension will be added to Xiao’s story supporting the creation of shareholder value. We look forward to integrating the teams and businesses and keep on delivering for all our stakeholders, always serving our tenants by offering qualitative housing with a best in class service," Christian Teunissen, Xior CEO.