Xior Student Housing NV (ENXTBR:XIOR) entered into an agreement to acquire a 32.36% stake in Quares Student Housing NV from KBC Asset Management NV, Argenta Insurance, Costermans family and Essers family on October 11, 2021. In a related transaction, Xior Student Housing NV to launch a public tender offer to acquire 67.64% stake in Quares Student Housing NV. Xior Student Housing will pay approximately €155.8 million as a part of consideration for both the transactions. Transactions will have an immediate positive impact on the earnings for shareholders and on Xior's operating margin. ING Groep N.V. (ENXTAM:INGA) acted as financial advisor to Xior Student Housing NV. KBC Securities NV acted as financial advisor to Quares Student Housing NV. Nicolas de Crombrugghe and Ken Lioen of NautaDutilh N.V. acted as legal advisor to Quares Student Housing NV.

Xior Student Housing NV (ENXTBR:XIOR) completed the acquisition of 32.36% stake in Quares Student Housing NV from KBC Asset Management NV, Argenta Insurance, Costermans family and Essers family on December 28, 2022.