News Articles
Unite Students announces £65m upgrade to three schemes
Unite Students, the UK’s largest student accommodation operator, announces £65m refurbishment projects to take place across three of their purpose-built student accommodation (PBSA) properties in Manchester – Parkway Gate, Kincardine Court and New Medlock House. Work on all three schemes are due to complete by September, for the beginning of the 2022/23 academic year.
The projects, which are already underway, will include the creation of over 100 new student beds, enhanced sustainability with improved EPC ratings, the installation of upgraded cladding for enhanced fire safety in line with the latest government regulations, and other enhancements for more sustainable day-to-day operations …
Xior Student Housing announces major next step in its international expansion
Xior Student Housing (“Xior”) makes a huge leap forward in its international expansion plan by signing an agreement with Basecamp Group (“Basecamp”), European Student Housing Fund I (“ESHF I”) and European Student Housing Fund II (“ESHF II”) to acquire a 939 MEUR² portfolio of attractive, high-quality, PBSA3 assets operated by Basecamp.
This unique portfolio consists of 5,341 units spread over 11 newly built, state of the art assets (8 operational and 3 projects under development). All residences are situated in top-tier student cities in Germany, Poland, Denmark and Sweden. Basecamp is a specialised developer and operator of student housing with objective to create smart student living spaces perfectly located to
universities …
Brookfield sells Student Roost to Greystar and Singapore sovereign wealth fund
Singaporean sovereign wealth fund GIC and US student developer Greystar have won a bid to acquire student housing giant Student Roost from Brookfield, in a deal worth more than £3.3bn …
Dominvs agrees UK’s largest student digs forward funding deal
Dominvs Group has struck a £173.25m forward-funding deal with Scape for a new student residence in Hammersmith, west London.
Dominvs claims the funding is the largest deal of its kind ever in the UK and, at 713-beds, will be one of the largest student schemes to be developed in London …
Patrizia buys two student residences in Barcelona
The German fund reaches an agreement with The Student Hotel to take over its two projects in Marina and Poble Sec for around 110 million euros. The operation yield stands at 4% …
EQT Exeter to acquire portfolio of six purpose-built student accommodation assets in the UK
- EQT Exeter to acquire six flagship student accommodation assets in two separate transactions from subsidiaries of Watkin Jones PLC and Tide Construction
- The transactions total 2,313 beds in high-quality developments and will improve the availability of student housing in central locations in top-tier university cities in the UK
- Bringing its European student housing portfolio to a total of 5,222 beds, EQT Exeter continues to execute on its strategy of providing a high-quality, high value-for-money housing offering with strong sustainability features in university cities that are underserved by the wider residential market …
Vita’s European expansion begins with Vita Student Pedralbes
Renowned for delivering some of the biggest regeneration projects in purpose-built student accommodation (PBSA), Vita Group announces it will invest €350m in its European expansion programme. The Group is preparing to launch its first scheme outside of the UK – Vita Student Pedralbes in Barcelona which is expected to open in September 2022.
With construction well underway, Vita Student Pedralbes is the Group’s first residence to open in Europe. The PBSA scheme has been designed by prestigious architectural firm Batlle I Roig. The design-led building will deliver 274 student beds and will create a thriving community thanks to its amenities, which include private study and dining rooms, state-of-the-art gym, swimming pool, lounges and hub spaces.
In early 2023, Vita Student Poblenou – the Group’s second PBSA scheme in Spain – will bring a further 349 student beds to Barcelona, opening in the 22@district – another of the city’s student hotspots. Once open, Vita Group will directly employ over 50 new jobs in Barcelona, with total investment into the European expansion set to exceed €350m. The business is expected to indirectly contribute to circa 750 jobs throughout Spain, with the ambition of creating more beds to meet Barcelona’s growing demand for PBSA and ease existing pressures on the city’s housing stock …
UBS buys Nottingham PBSA for £59.8m
UBS purchases a Nottingham purpose-built student accommodation asset for £59.8m for its UK core real estate strategy.
UBS Asset Management (UBS-AM) Real Estate & Private Markets has purchased a purpose-built student accommodation (PBSA) asset in Nottingham for £59.8m on behalf of its UK core real estate strategy. The site was originally a mill, and in 2019, was redeveloped into PBSA.
The development was purchased from Tosca Mill 1 – backed by Toscafund via its investment in Mabec Property. The acquisition adds to the company’s existing student accommodation holdings in this high demand growth sector …
Summix gets Bristol beds nod after three-year wait
Summix has been given the go-ahead to turn a brownfield site in St Philip’s Marsh, Bristol, into a 595-bed student scheme. Plans for the development, at the corner of Feeder Road and Albert Road, were submitted in April 2019 …