EREC Estates plans to expand digs portfolio

March 19th 2020 - Posted by

EREC Estates is a joint venture company that brings together the sons of two very different real estate tycoons.

The Hon William Cadogan, son of Earl Cadogan, heads one half of the partnership, Trust Estates. The other half, European Real Estate Company (EREC), is led by Pan Rui, son of Pan Shiyi, chairman and founder of the developer SOHO China, which Blackstone is in talks with to buy for $4bn (£3.29bn).

The combination means EREC Estates, a specialist in student accommodation investment and development, is as well placed as any to take advantage of the hitherto growing influx of Chinese students into the UK …

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Future Generation Unveils Two Pbsa Schemes

March 18th 2020 - Posted by

Future Generation Unveils Two Pbsa Schemes Alongside £55million Development Facility From Maslow Capital

● Development finance from Maslow Capital secured to construct Luxurio in Loughborough and The Vantage in Nottingham
● Both schemes have already received planning consent, McAleer & Rushe selected to begin construction immediately
● PBSA specialist Future Generation is a partnership between developer Southern Grove and Tadhamon Capital …

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Edinburgh approves 248-bed student accommodation scheme

March 13th 2020 - Posted by

A large student accommodation development in Edinburgh’s Gorgie Road has won planning approval.

The 248 bedroom scheme by York-based developer S Harrison is made up of two buildings. It will have 35 studio apartments. The rest will be cluster apartments made up of six to 10 bedrooms.

Near the Water of Leith, the development is expected to serve students from the University of Edinburgh, Edinburgh Napier University, and Heriot-Watt University …

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SPH commences £10.6m asset enhancement initiative on UK student accommodation

March 12th 2020 - Posted by

SINGAPORE Press Holdings (SPH) has commenced a £10.6 million (S$18.9 million) asset enhancement initiative to refurbish nine properties in its UK student accommodation portfolio.

This comes as the media group looks to meet the changing accommodation type preferences, as well as “maintain their competitive edge over other properties in the area”.

The refurbishment efforts will focus on assets under the Capitol Students brand acquired in September 2018, located in cities and towns with a predominantly domestic UK student population that is expected to grow, said the group on Wednesday …

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International student accommodation group adds 235 beds to its Dublin portfolio

February 18th 2020 - Posted by

Chicago-headquartered investment firm Harrison Street, along with Global Student Accommodation Group (GSA), is developing a 235 bed student accommodation property in Dublin 8.

The project also includes 37 build-to-rent (BTR) units, which will be managed by GSA.

The property, known as Sweeney’s Corner, is scheduled for completion prior to the start of the 2021 academic year, and is located in the Liberties area …

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Grainger lines up £305m PRS spree

February 13th 2020 - Posted by

Build-to-rent behemoth Grainger has launched a share placement to fuel a £305m acquisitions spree. The fundraise will push its secured pipeline over £1bn, with secured schemes worth £978m and £91m in planning and legals. Grainger will place up to 61.2 million new ordinary shares, representing around 10% of the company’s issued share capital. It is seeking to raise £185m, leveraged with around £120m of debt, to secure new projects and fund its secured pipeline in Birmingham; Canning Town, London; Cardiff and Nottingham. The BTR developer will commit £59m to new schemes which are in planning and legals.

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Moda Living reaches £850m of live schemes on site

February 11th 2020 - Posted by

Moda Living, a leading developer, operator and owner of private, build-to-rent housing, has appointed Robertson as the main contractor on the first phase of their Springside scheme in central Edinburgh, with construction work due to start in Feb 2020.

This is the first of Moda Living’s sites in Scotland, and fifth in the UK. Once completed, Springside will offer 476 homes designed exclusively for rent, next generation resident amenities and 25,000sqft of retail & leisure space. The neighbourhood, purchased off market from Grosvenor Great Britain and Ireland, sits at the heart of the historic Fountainbridge district in Scotland’s capital …

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Planning inspector overturns Exeter council’s decision on student flats plan

February 11th 2020 - Posted by

A planning inspector has allowed plans for a new £17m student flats complex in Exeter city centre.

Exeter City Council’s planning committee in September 2019 had turned down a scheme for Walnut Gardens off St David’s Hill and Hele Road, which would have seen the former BBC studio as well as Beech Hill House demolished.

A five storey block of student flats with a 166 bedspaces created, consisting of 138 student bedrooms within cluster flats, 19 self-contained studio flats and nine accessible studios, were included in the plans, as were a gym and a cinema …

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Sheffield approves UK’s largest co-living scheme

February 4th 2020 - Posted by

Sheffield City Council has approved plans for 1,230 co-living units in the largest scheme to receive consent in the UK. Code Living’s Rockingham Street development had initially planned 1,370 units for a combination of students and non-students.

The approved development will comprise shared apartments in towers of up to 36 storeys, and will be the tallest in Sheffield.

The 0.7-acre site is 1km from the University of Sheffield and 800m from Sheffield Hallam University. It will be the first co-living scheme for Code Living, which operates large-scale circa 1,200-unit schemes in Leicester and Coventry …

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Skanska Builds Student Housing in Svalbard for NOK 310 Million

January 31st 2020 - Posted by

Skanska has signed a contract with The Arctic Student Welfare Organization to build new student housing in Svalbard, Norway. The contract is worth NOK 310 M, about SEK 320 M, which will be included in the Nordic order bookings for the first quarter 2020.

The project encompasses modular housing for 356 students totalling approximately 9,000 square meters at Longyearbyen on Svalbard.

The project start is planned for March 2020. The student housing will be completed in July 2021 …

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“TigerLime were appointed to undertake an options appraisal for the University’s new Residential strategy. The team were professional, engaging and creative throughout the whole process.”

Mark Barry (Head of Commercial Services) Cardiff Metropolitan University