Business Update | March 2026 🗞️

🔴 Platform & Operations ⚙️

• We continue building out our technological processes and managing our regulatory requirements in the UK.
• Pleased to welcome a talented graduate for a work shadowing placement in our London office in the last week of March.

🏗️ Investments & Execution 🏢

• Reviewed 19 opportunities across the UK and Spain this month (combined value: ~£300M), advancing 3 to active review status.
• Formally selected Purpose-Built Student Accommodation (PBSA) as our Spain investment thesis — a conviction-driven decision anchored in Spain's chronic undersupply of quality student housing relative to its university population. To support this, we have initiated a search for a Head of Operations based in Madrid.
• Alberto (CFO & COO) completed a first site visit to Madrid in the week of 16 March — productive sessions with local advisors, architects and brokers.
• In the UK, we continue assessing flex / co-living / PBSA opportunities in London.

☎️ Investor & Network Engagement 💰

• Held 28 investor/operator/broker calls or in-person meetings.
• Vlad (Founder & CEO) attended MIPIM in Cannes (10–11 March) — unlocking and strengthening relationships with capital sources, lenders, brokers and advisors across Europe.
• We continue to build our investor database and welcome introductions to LPs with appetite for PBSA and flex living strategies in Spain and the UK.

🌎 April Trips 🧳

• Vlad and Alberto will both be in Madrid 🇪🇸 the week of 6 April — please reach out if you'd like to connect.