Harrison Street and ColivINN will create the largest group of sports colivings with an investment of 300 million

1 Apr. (EUROPE PRESS) –

The American investment fund Harrison Street will invest 300 million euros to create the largest group of sports colivings in Europe, following the agreement reached with the Spanish operator ColivINN, through which they will develop new openings of places throughout the national and international territory in the next few years, Harrison Street has announced.

In this way, the American fund enters “through the front door” in the sports coliving segment by acquiring the ESC LaLiga/NBA sports complex which, with 450 seats, ColivINN inaugurated last July in Villaviciosa de Odón (Madrid).

Specifically, in the case of Spain, 3,000 new coliving places can be launched, this being an alternative residence model in which one has their own room, but common areas are shared. Specifically, the most advanced project is located in Valencia.

Additionally, the case of sports coliving is a project that, in addition to residence, includes a technology hub, training center and sports facilities, specifically, the one recently inaugurated in Villaviciosa de Odón is an example of this.

For its part, this investment will be carried out through the sports investment operator of the ColivINN group, T3N Sport and Investments, which will be in charge of their operational management, as well as maintaining a percentage of ownership of the “new sports giant colivings”, he underlined.

According to the president of T3N and ColivINN, Alejandro Fernández Luengo, “the muscle provided by the entry of a partner like Harrison will ensure spectacular growth for ESC that will consolidate the growth of the company.”