News Articles

Confidence returns to UK student market

January 22nd 2022 - Posted by
£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 …

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ROUND HILL CAPITAL PURCHASE 250-BED ASSET FOR STUDENTS IN VALENCIA

December 15th 2021 - Posted by

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 …

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ASK4 joins forces with Spike Global to bring residents closer together

December 6th 2021 - Posted by

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 …

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Global Student Accommodation acquires second US student housing portfolio

November 30th 2021 - Posted by
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  …

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ROUND HILL CAPITAL ESTABLISHES RECORD €1BN+ EUROPEAN STUDENT ACCOMMODATION JOINT VENTURE WITH CPP INVESTMENTS

November 1st 2021 - Posted by

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 …

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Unite Students – Trading Update and Q3 Fund Valuations

October 8th 2021 - Posted by

Unite Students, the UK’s leading owner, manager and developer of student accommodation, today announces an update on current trading. We also provide quarterly property valuations for the Unite UK Student Accommodation Fund (‘USAF’) and the London Student Accommodation Joint Venture (‘LSAV’) as at 30 September 2021.

 Richard Smith, Chief Executive of Unite Students, commented:

“We have seen record demand for UK universities from UK school leavers and non-EU students, particularly for the strongest universities to which we are strategically aligned, although higher grade attainment and restrictions around international travel as a result of the pandemic have impacted occupancy in a small number of cities. There remains a strong outlook for student demand driven by demographic growth, rising participation rates and increasing demand from non-EU markets. This underpins our confidence in a rapid recovery in earnings and total returns, driven by sustainable rental growth, our substantial development pipeline and further opportunities to deploy capital.” …

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