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Grosvenor’s Diversified Property Investments business continued to invest into student accommodation in Brazil to redevelop functionally obsolete buildings into lively and vibrant communities.
Established in 2019, our joint venture with VBI retrofits ageing properties near to university campuses into student housing facilities – placing a focus on supporting the safety, security and wellness of residents.
Despite challenging macroeconomic conditions, in 2022 our partnership with VBI opened two new locations in Santos and Pinheros (São Paulo).
Our partnership has three additional properties under construction, which on completion will supply the Brazilian student housing market with over 2,100 beds – making Uliving the largest provider of institutional student housing in the country.