
Market Monitor Digest (week 15/2025)
It's our pleasure to be your go-to for the week’s key industry news. Thanks to the information collected by the BONARD Market Monitor team, you can now keep your finger on the industry pulse.
Student Housing & Co-Living
UK, Cardiff: Cardiff PBSA takes HGP investment past £500 million
By Development Finance Today, April 09, 2025
The backing of a PBSA scheme in Cardiff by HGP has taken the Lloyds-backed equity investment past the £500 million mark. Since 2015, HGP has invested over half a £1 billion through supporting 88 partners and supporting the delivery of 13,400 homes across the UK. The latest deal involves an equity commitment of £4.9 million, alongside developer Urban Centric, to develop Trafalgar House in the Welsh capital.
US, San Marcos: Byline Bank’s Commercial Real Estate Group provides $23.5 million of financing for acquisition, renovation of Texas State University student housing
By Rejournals, April 09, 2025
Byline Bank’s Commercial Real Estate Group closed on a $23.5 million loan with Campus Realty Advisors and T2 Capital. The transaction funds the acquisition, renovation and repositioning of The Edge Student Housing, a 173-unit, 553-bed purpose-built student housing community at 1740 Old Ranch Road near Texas State University in San Marcos, Texas.
Australia, Brisbane: Premier PBSA asset in Brisbane’s historic Lady Lamington Building offered to market
By The Australian Business Journal, April 07, 2025
A rare opportunity to acquire a beautifully restored Purpose-Built Student Accommodation, PBSA building on the fringe of Brisbane’s CBD has been presented to market. The 695-bed facility, nestled in the historic Lady Lamington Building and forming part of the dynamic Herston Quarter redevelopment, offers a unique investment opportunity for investors seeking an operational PBSA asset.
UK: Moda forms JV for £1 billion+ PBSA platform
By PBSA news, April 07, 2025
Moda has entered into a joint venture with Aermont Capital to extensively expand into purpose-built student accommodation (PBSA) space. The strategic partnership marks a significant expansion into the PBSA sector for Moda, who to date has focused on Build to Rent, single-family and co-living developments. Now, backed by Aermont Capital’s private equity, the joint venture is aiming to develop a PBSA portfolio of over £1 billion across the UK.
UK, Edinburgh: HUB and Bridges partner with HGP to deliver Shore Station PBSA
By PBSA news, April 07, 2025
HUB and Bridges Fund Management have joined forces with HGP, the Lloyds-backed equity investor in the UK Living sector, to deliver Shore Station, a student-living scheme in Leith, Edinburgh. The joint venture will bring forward and then facilitate the operations of the 604-bedroom purpose-built student accommodation (PBSA) project, with BGO, the lender, providing a £79 million development loan.
BTR
Spain: Culmia will deliver 3,000 homes this year and is looking for an investment partner in affordable housing
By EjePrime, April 01, 2025
Culmination, at a key moment. The developer, controlled by the fund manager Oaktree, plans to deliver some 3,100 homes this year. In addition, it is looking for an investment partner to sell (partially or 100%) a portfolio of 3,000 affordable homes and to join in new public-private collaboration tenders launched by public administrations.
UK: Liverpool’s Legacie completes landmark residential development in Salford
By YM Liverpool, April 03, 2025
Liverpool-based property firm Legacie has announced the completion of Embankment Exchange, its latest residential development and its first technical skyscraper in Greengate, Salford.Embankment comprises 301 high-quality apartments across two towers – Irwell Tower (35 storeys) and Greengate Tower (15 storeys) – connected by a concierge foyer, with a two-storey basement housing a residents’ car park and cycle store.The development features a mix of one, two and three-bedroom apartments, with residential amenities including a state-of-the art spa with an indoor pool, a residents’ lounge with riverside views, work-from-home booths, a fully equipped gym, and 24/7 concierge.
US: PCCP, Advenir JV to Build Savannah BTR
By Multi-housing news, April 01, 2025
A joint venture between PCCP LLC and Advenir Azora will build Leo at Port Wentworth, a 250-unit build-to-rent (BTR) Class A community in Port Wentworth, Ga. The first units at the cottage- and townhome-style development are expected to be delivered in June 2026.
Australia: Two-Tower BTR Final Piece of Belconnen Puzzle
By The Urban Developer, April 07, 2025
A new twin-tower apartment proposal in Canberra’s north-west would deliver nearly 300 new homesand retire a long-standing childcare centre. The development at 44 College Street, Belconnen—a major town centre about 10km from the CBD—proposes two build-to-rent towers of 13 and 21 storeys near the suburb’s civic and retail core.
Senior Living
India: PioneerUrban launches Rs 3 billion senior living project ‘Advait’
Construction World, April 10, 2025
PioneerUrban Land and Infrastructure has announced its entry into luxury senior living with a Rs 3 billion investment in ‘Advait’, a JV with J K Organisation. Located in Sector 50, Nirvana Country, Gurugram, the 2.6-acre project is scheduled for occupancy by early 2027.
US: Four-story senior living complex approved
By Ceres Courier, April 09, 2025
Evanshire Senior Living LLC won approval on Monday to build a four-story 81-unit senior assisted living apartment complex. The building will be located on a 2.1-acre parcel just south of the Evanshire Mansion and will have the main access from Stone Haven Court. An 81-unit senior assisted living facility was approved to be constructed south of the Evanshire Mansion.
US: BWE Secures $308M to refinance two trophy senior living communities in Los Angeles and Philadelphia
By Yield Pro, April 08, 2025
Situated in the heart of Woodland Hills, The Variel is a 336-unit luxury senior living community offering independent living, assisted living, and memory care across over 270,000 net rentable square feet. Opened in July 2022, the property has experienced rapid lease-up, reaching 90%+ occupancy well ahead of projections.
LATEST INDUSTRY NEWS IN YOUR MAILBOX
Stay informed via our
Daily Market Monitor
Tap into a personalised daily digest of recent developments, investors' plans, asset openings and transactions in rented residential asset classes.
DISCLAIMER: The intention of the Media Monitoring (hereinafter referred to as “service”) is to inform about the most recent developments in the global student housing asset class through the collection, review, and dissemination of media releases published by third parties. The service does not claim any intellectual property of the original or interpreted sources. By using this service, you grant your consent with the following terms of use and caveats:
Content retrieved from sources which require paid access is not available due to legal reasons, apart from part(s) which are public, or parts which are transposed from the main source and otherwise available.
In accordance with good manners, journalists´ ethic, and source-tracking, the service state the name of the author, article URL source, and date of publication, as usual. At the end of daily monitoring records, the default source website, used for search in the actual edition, is offered.
Articles are searched for and selected from verified and reliable sources. The service may not be held responsible for the content of the source or any action(s) taken on the basis of the information provided.
Texts from other than English-medium sources are translated automatically – the service does not guarantee flawless translations.
The service offers the most recent information at the time when the scan of inputs was done. Time delays may occur due to different time zones. Scans conducted are based on Central European Time (CET).
The service offers publicly available and visible information as well as information, which is possible to trace and gather via publicly available and possible means.