Market Monitor Digest

(Week 30/2025)

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.

July 25, 2025 BONARD Market Monitor team

Student Housing & Co-Living

UK, Glasgow: Student tower approved at former Glasgow pub site after planning appeal

By Scottish Housing News, July 17, 2025

Plans to build a 19-storey student accommodation block on the site of the former Admiral Bar in Glasgow city centre have been approved, following a successful appeal by developers over delays in the planning process. The development will include 350 student bedrooms.

Read more (scottishhousingnews.com)

The Nethedlands: Ardian and Rockfield buy 1,209 Dutch student bed portfolio from Nido

By IPE Real Assets, July 21, 2025

CPP investments-backed Nido to reinvest capital into German and Italian markets.

Read more (realassets.ipe.com)

Europe: Macquarie Asset Management partners with experienced industry specialist to acquire pan-European student housing platform

By Macquarie, July 21, 2025

Macquarie Asset Management expands its presence into the European Purpose-Built Student Accommodation (PBSA) sector, signing an agreement to acquire and combine two specialist platforms – MILESTONE and BaseStack Living. The transaction will bring together two complementary businesses to create a vertically integrated specialist PBSA platform managing over 12,000 beds across eight countries, including GermanyAustriaNetherlandsPolandItalySpainPortugal, and Denmark.

Read More (macquarie.com)

Spain, Barcelona: Ardian and Rockfield acquire a student residence in Terrassa (Barcelona) from Acciona

By EjePrime, July 22, 2025

This asset has a capacity for 369 beds. It represents the second transaction of this alliance in Spain, following the acquisition of 196 Cristóbal de Moura Street in Barcelona, and the seventh in Europe in eight months.

Read More (ejeprime.com)

UK, Cambridge: Cambridge College bags £47.3 million loan to expand PBSA portfolio

By Property Week, July 24, 2025

Lucy Cavendish College will use the funds to buy and refurbish the Castle Street student block in the city centre.

Read More (propertyweek.com)

Built-to-Rent

UK: Kennedy Wilson JV buys £100 million single-family homes portfolio

By Urban Living News, July 21, 2025

Real estate investment firm Kennedy Wilson, in joint venture with Canada Pension Plan Investment Board (CPP Investments), has acquired 275 single-family rental homes across Milton Keynes, Derby, and Cheltenham for approximately £100 million. The units have been acquired from Dandara and Miller Homes in three separate transactions. The joint venture, launched in October 2024, has now committed approximately £390 million, contracting on 1,180 units across 13 sites within nine months.

Read More (urbanliving.news)

Spain, Madrid: Madrid strengthens its commitment to affordable housing with a new transfer of 30.97 million € to EMVS

By El Diario De Madrid, July 24, 2025

The City Council is promoting the construction of 6,200 new homes and maintaining its national leadership in public investment for subsidized rental housing. The Madrid Municipal Housing and Land Company (EMVS Madrid) will manage a new € 30.97 million grant from the Madrid City Council, with the aim of continuing to expand its affordable public rental housing stock.

Read More (eldiariodemadrid.es)

Australia, Sydney: Commission Greenlights Novus $290 million Sydney BTR

By The urban developer, July 21, 2025

$290 million build-to-rent (BTR) tower on Sydney’s Lower North Shore has been waved ahead under state fast-track planning powers despite council objections. The 27-storey state significant Chatswood project—Novus on Albert—was referred to the Independent Planning Commission (IPC) on June 2 and approved 45 days later. Build-to-rent operator Novus, backed by M&G Real Estate, will deliver 198 long-term rentals in a Rothelowman-designed scheme at 763-769 Pacific Highway, offering a mix of studios, one, two and three-bedroom apartments.

Read More (theurbandeveloper.com)

Senior Living

Canada & US: Dallas PE firm Unity Partners acquires Canada-based the Byng Group

By Dallas Innovates, July 17, 2025

Dallas-based private equity firm Unity Partners has completed a strategic investment in Canada-based The Byng Group, a provider of end-to-end unit turnover services to institutional owners and managers of multifamily properties and senior living facilities.

Read More (dallasinnovates.com)

US, Tustin, LA: Tustin senior housing complex sold for $83 million

By Los Angeles Times, July 18, 2025

Los Angeles-based real estate investor Meta Housing Corp. sold a 240-unit senior housing apartment complex known as Coventry Court, located at 16000 Cambridge Way in Tustin, for $83 million, or $346,000 per unit.

Read More (latimes.com)

UK: Pegasus Homes lands £117 million in two refinancing deals

By Property Week, July 21, 2025

Later living developer and operator Pegasus Homes has secured £120 million in two refinancing deals with Barclays and Leumi UK.

Read More (propertyweek.com)

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