Xior Student Housing

• Capital increase via Accelerated Bookbuild Offering of 2,877,698 new shares by Xior, generating gross proceeds of c. €80 million
• The shares were placed at an issue price of €27.80 per share. The issue price represented a discount of less than 2% vis-à-vis the last available price prior to announcement of the transaction, adjusted for the €1.2463 dividend coupon detachment
• The transaction was launched following a market sounding exercise, which resulted in visibility on indications of interest in excess of the total deal size prior to launch
• The order book was covered within 20 minutes post launch and the final order book was multiple times oversubscribed, with the majority of shares allocated to long-only investors, existing shareholders and market sounded investors
• Along with the transaction, Xior announced its key FY 2024 figures, 2025 EPS and DPS guidance as well as the c. €67 million acquisition of two operational student accommodations in Poland. Xior acquired the two residences at a combined gross initial yield of c. 10.5%, adding 892 units to its portfolio. The remaining proceeds will be used for the repayment of debt and to achieve the company’s sub-50% LTV target
• This transaction marks the first capital raising launched by a European Real Estate issuer in 2025

Xior Student Housing NV is a Belgian public regulated real estate company (RREC) specialising in the student housing segment in Belgium, the Netherlands, Spain, Portugal, Germany, Poland, Denmark and Sweden. As of 30 September 2024, Xior’s portfolio consists of 20,886 lettable units (21,465 beds) with a gross asset value of c. €3.3 billion

This transaction underpins our leading position in the European Real Estate sector. In the last twelve months, Van Lanschot Kempen has announced multiple successful European Real Estate transactions, including:

• €1.3 billion reverse merger of Vastned Retail with Vastned Belgium
• €423 million portfolio sale by Adler Group to OCP and OneIM
• €219 million sale of 62.78% stake in Brack Capital Properties by Adler Group to LEG
• €154 million Rights Issue by Montea
• SEK 1.1 billion Accelerated Bookbuild Offering by Swedish Logistic Property
• SEK 5.2 billion Accelerated Bookbuild Offerings by Catena
• €750 million extension of credit facilities by Amvest
• €921 million Accelerated Bookbuild Offering by Merlin Properties
• €90 million secondary transaction in Vesteda by MN on behalf of Bpf MITT
• €150 million Accelerated Bookbuild Offering by ARGAN