investment fund Harrison Street will invest 300 million euros to create the largest group of sports colivings in Europe, following the agreement reached with ColivINN, one of the main operators in the national market, as company sources have explained to idealista/news. The American fund Harrison Street thus enters the sports coliving segment through the front door, acquiring the ESC LaLiga/NBA center that, with 450 seats, which ColivINN inaugurated last July in Madrid. From now on, they will develop new openings throughout the national and international territory in the coming years.
This operation will be carried out through T3N Sport and Investmentsthe sports coliving operator of the ColivINN group, which will be in charge of their operational management as well as maintaining a percentage of ownership of the new coliving giant.
T3N Sport and Investments currently maintains exclusive joint development agreements with organizations such as LaLiga and the NBA, as well as other sports federations and organizations.
“It is a great pride to promote the values of sport, and especially the leadership of Spanish sport, which is a world reference, among all our future colivers who will come from all over the world. The muscle that the entry of a partner like Harrison represents will ensure ESC a spectacular growth that will consolidate our growth ” has declared Alejandro Fernández Luengo, president of T3N and ColivINN.
Harrison Street is one of the real estate investment funds specializing in alternative assets Most important in the world. Since its founding, it has invested more than 65 billion in operations throughout North America and Europe.
For its part, ColivINN has been for 15 years one of the world’s leading coliving operators specialized by thematic communities, from athletes, entrepreneurs, artists, gamers to digital nomads or international university students. They are currently developing an expansion plan of more than ten thousand keys in the national market for the next four years.