Spotlight: Global Living
The young and the elderly are shaping demand for some of the industry’s fastest growing asset classes …
News Articles
US-style rented housing goes global as millennials flock to cities
US-style rented housing goes global as millennials flock to cities …
90 North makes Scottish PBSA acquisition from Maven
Maven Capital Partners has achieved a major mark-up in selling its 116-bed PBSA development in Dundee to 90 North Real Estate Partners.
Maven purchased the property for £1.55m in April 2015 and, following a comprehensive £5m internal refurbishment, sold Marketgait Apartments to 90 North for £9.5m …
The Collective unveils plans for $450m New York co-living debut
Co-living firm The Collective has announced plans to develop a $450m (£343m) 350,000 sq ft scheme in New York City which will serve as its flagship location in the US.
The Collective will develop its largest co-living site to date at 555 Broadway in Brooklyn, on the border of the Williamsburg and Bushwick districts, having acquired the land off-market from Blesso Properties …
Harrison Street to enter UK BTR via tie-up with Apache
US investor will jointly forward-fund Apache and Moda schemes and seek new opportunities across the UK.
Apache is already bringing forward a £2bn investment pipeline of 6,000 BTR homes in UK cities, in partnership with developer Moda …
The Unite Group Plc – £275 million senior unsecured bond
The Unite Group Plc (the “Company”) is pleased to announce the pricing of a debut, sterling-denominated senior unsecured bond (the “Bond”) in an aggregate principal amount of £275 million and for a term of 10 years. The Bond will bear interest at a rate of 3.5 per cent per annum …
The Unite Grooup Plc – Capital Markets Day and Trading Update
Against a backdrop of continued strong demand for high quality student accommodation, the Company continues to deliver sustainable earnings growth by focusing on enhancing its portfolio and market leading operating platform to deliver a superior student experience in partnership with universities where demand is strongest.
Market dynamics remain supportive:
o 98% let across our portfolio for the 2018/19 academic year
o Full year rental growth in line with our 3.0-3.5% target
o USAF and LSAF Q3 portfolio valuations up 1.1% and 1.6%
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Danish student housing investment opportunities highlighted
Denmark is the latest European country with a student accommodation crisis to be highlighted by the Class of 2020 think tank, and it’s advice to potential investors is to follow the old adage and invest in crisis …
Unite – USAF/LSAV Valuation update
The Unite Group plc, the UK’s leading manager and developer of student accommodation, announces the quarterly property valuation of the Unite UK Student Accommodation Fund (‘USAF’) and the London Student Accommodation Joint Venture (‘LSAV’) as at 30 September 2018.
At 30 September 2018, USAF’s property portfolio was independently valued at £2,229 million, representing a like-for-like increase of 1.1% during the quarter. The portfolio comprises 23,483 beds in 63 properties across 21 University towns and cities in the UK.
LSAV’s investment portfolio was independently valued at £1,211 million, up 1.6% in the quarter on a like-for-like basis. LSAV’s investment portfolio comprises 8,354 beds across 12 properties in London and Aston Student Village in Birmingham …
Carlyle Group beds down €30m deal for student digs in Dublin 8
The international private equity investor Carlyle Group is entering the burgeoning student accommodation sector, with a €30m deal for a project in Dublin 8.
A Carlyle real estate fund is buying the 207-bed scheme being built by Crosslane Student Developments at Carman’s Hall in the Liberties. Crosslane will build the project for Carlyle, and it will be operated by a joint venture between Carlyle and Atelier Property …