Dominvs PBSA scheme approved for the Square Mile
The City of London Corporation has approved a 644-bed student accommodation scheme in the Square Mile that will be supported by the London School of Economics (LSE) …
GREYSTAR ACQUIRES FIVE HIGH-QUALITY UK ASSETS FOR £388M; UNVEILS NEW PAN-EUROPEAN CANVAS BRAND
Greystar acquires five high-quality UK assets for £388m; unveils new pan-European Canvas brand
- The attractive assets comprise four PBSA developments in London, Manchester and Coventry, and one BTR asset in Coventry
- The acquisitions mark the continued growth of Greystar’s student portfolio across the UK
- Greystar has identified further opportunities to maximise value at these assets through leasing, asset improvements and other capital projects
- At the same time, the company has unveiled its European sustainability-focused student and young professional brand Canvas …
Confidence returns to UK student market
£72 billion UK student market sees development volumes and deal numbers bounce back as students return to campus.
Over 30,000 purpose-built student bedrooms were completed last year, more than double the 14,000 achieved in 2020 when the pandemic slowed construction. In total, these new additions lift the overall number of purpose-built student bed spaces in the UK to over 700,000.
A further 21,000 beds are estimated to be in the pipeline for delivery in time for the 2022 academic year. Once built, our calculations suggest this will take the total value of the UK student market to £72 billion …
BTR sector hits record level of investment
Build-to-rent (BTR) had its biggest year on record in 2021 as investors poured £4.1bn into the sector …
UK student assets to hit £72bn next year as sector gains momentum
Overseas investors are expected to continue to play a key role in the UK student accommodation market …
ROUND HILL CAPITAL PURCHASE 250-BED ASSET FOR STUDENTS IN VALENCIA
Round Hill Capital, a leading global specialist real estate investor, developer and manager has today announced its latest acquisition, a new 250-bed asset in Valencia, Spain, as it continues its rapid expansion of investing in new student accommodation across the primary and secondary Iberian cities.
Designed by TCH Arquitectura and Morph Estudio, the asset will be delivered by Atitlan and Area Desarrollo, comprising 250 modern student-focused hotel-style apartments in a city with a severe shortage of quality student accommodation. It is located 200 metres away from the main city campus of Polytechnic University and Universidad de Valencia and is well-served by public transport with a nearby tram station connecting it to the two universities. The city centre is within cycling distance and 12 minutes by public transport, with Malvarrosa beach located nearby. Construction works are expected to start in 2022.
The announcement marks another major milestone for Round Hill Capital as it continues to build considerable momentum in the sector, with 40 PBSA acquisitions across Europe since 2002, including over 1,150 student beds in Iberia. The deal comes after Round Hill Capital recently announced a record €1 billion+ joint venture with Canada Pension Plan Investment Board (CPP Investments). The partnership is one of the largest Pan-European student accommodation mandates in history …
abrdn snaps up Cardiff student digs for £36m
A joint venture between McLaren Property and PMG Group has sold a 355-bed student scheme in Cardiff to the Aberdeen Standard Pan European Residential Property Fund (ASPER) for £36m …
ASK4 joins forces with Spike Global to bring residents closer together
ASK4 has formed a strategic partnership with Spike Global, the leading property management and resident engagement software provider.
The partnership will mean that ASK4 is able to provide its clients with market leading property management and resident engagement technology solutions.
Spike has a proven track-record for delivering real, tangible results launching and operating property software worldwide. Spike’s resident engagement portals, Spike Living and Spike Student, can be white-labelled and completely tailored to the needs of each development, enabling building operators to create and manage thriving communities, where residents can form meaningful connections. Spike portals also allow residents to stay engaged with up-to-date news and events, book amenities, report maintenance issues, and even get involved with the wider local community by introducing them to local attractions and services …
Global Student Accommodation acquires second US student housing portfolio
GSA continues US expansion, delivering on long-term growth strategy in the world’s largest student housing market
- Latest US portfolio acquired from Harrison Street comprises over 8,100 beds across 10 states and 12 cities.
- Acquisition doubles GSA’s footprint in the US market.
- Properties have strong fundamentals with over 93% occupancy and close to many Power-5 Universities .
- Operating partner Yugo, the first global operator of its kind offering unique student experiences will provide management and oversight of the portfolio …
ROUND HILL CAPITAL ESTABLISHES RECORD €1BN+ EUROPEAN STUDENT ACCOMMODATION JOINT VENTURE WITH CPP INVESTMENTS
Round Hill Capital, a leading global specialist real estate investor, developer and manager, has today announced a new joint venture (“the JV”) with Canada Pension Plan Investment Board (“CPP Investments”), which is responsible for investing assets in the best interest of more than 20 million CPP contributors and beneficiaries in Canada.
The JV, targeting assets in excess of €1 billion, will be one of the largest European student accommodation partnerships. It will invest in standing assets and developments across PBSA markets in Continental Europe, with capacity to invest in the major education markets across the continent. CPP Investments’ initial allocation of equity will be €475 million.
The announcement marks another major milestone for Round Hill Capital as it continues to build considerable momentum in the sector, with 40 PBSA acquisitions across the UK and Europe since 2002, including recent acquisitions in Spain, Germany and the Netherlands worth over €150 million. Assets will be operated primarily by Nido Student, Round Hill Capital’s award-winning specialist PBSA brand …