Market Monitor Digest (week 48/2024)
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
France, Lyon: Student accommodation: 770 places in Bron to try to make up for a huge delay
By Tribune de Lyon, November 27, 2024
By the start of the next academic year, 770 student beds, including 350 social beds, will have been built there, after only 14 months of work... and 7 years of reflection.
UK, London : Scheme to turn 1980s Southwark office block into student homes gets planning green light
By Building, November 27, 2024
On Monday, Crous Normandie unveiled a project for a new university residence in Cherbourg-en-Cotentin. Located near the IUT of Octeville, it would consist of 120 housing units and is part of the Cotentin urban area's objective of reaching 5,000 students by 2035.
UK, Middlesbrough : Wates signs for major Middlesbrough’s Gresham regeneration
By The Construction Index, November 27, 2024
Wates has been appointed to deliver a £120 million regeneration project expected to transform a brownfield site near the centre of Middlesborough. The project is part of the wider Middlesbrough masterplan, with the first phase including more than 230 build-to-rent properties and residential accommodation for more than 450 students.
Austria, Vienna: Student residence MILESTONE Vienna Erdberg opens in the Stadtquartier@WienArena
By Immobilien Redaktion, November 26, 2024
A total of 418 rooms in different categories are available to students. All residential units are rented fully furnished.
US: GFH Partners acquires $300 million A-Class student housing assets
By GDN Online, November 25, 2024
GFH Partners, the global asset management arm of GFH Financial Group, has acquired A-Class purpose-built student housing assets worth $300 million in the United States. The assets, which are 99 per cent occupied, are located near major public universities and bring GFH Partners’ total US student housing portfolio to more than 5,500 beds and $900 million in assets under management.
BTR
UK: Secure Trust Bank (STB) has provided a £13.7 MLN loan for a BTR scheme in Edinburgh
By Development Finance, November 25, 2024
Secure Trust Bank (STB) has provided a £13.7 MLN loan for a BTR scheme in Edinburgh. Edmond de Rothschild REIM has secured the loan to regenerate Stead’s Place in the Scottish capital, creating 110 apartments. Located near the foot of Leith Walk, this collection of one, two and three-bedroom apartments is scheduled to be completed by the first quarter of 2025.
Sweden: Hemvist buys Swedish homes from Heimstaden for €100 MLN
By Property EU, November 25, 2024
European residential specialist Heimstaden Bostad has signed an agreement with government-backed Hemvist Boastadsfastigheter for the sale of 380 residential units in Sundbyberg through a share deal.
UK: Grainger acquires Cardiff site for 400-home build-to-rent (BTR) scheme
By Housing Today, November 25, 2024
Grainger has acquired a site in Cardiff which it believes could accommodate around 400 new built-to-rent (BTR) homes. Investment includes a £6.25 MLN site at John Street, which includes the long leasehold of five railway arches. Britain’s largest listed residential landlord says its proposed scheme would include the creation of around 400 homes and resident amenities, while “re-activating” the railway arches with commercial uses and publicly accessible open space.
UK: Starlight increases UK BTR Platform with £500 MLN acquisition of three communities
By Show House, November 22, 2024
Starlight Investments, a global real estate investment and asset management firm, has acquired three Build-to-Rent (BTR) communities under development in Manchester and Basildon for over £500 MLN. In Manchester, Starlight will be acquiring two high-rise towers from Renaker. The city has experienced among the highest population and economic growth of all major cities in the UK over the past 10 years, a trend which is expected to continue over the next decade. The first Manchester property being acquired is a 60-storey, 532-suite residential tower currently under construction in the Castlefield conservation area on the bank of the River Irwell.
Senior Living
Germany, Stuttgart: Spanish care investor enters German market
By Thomas Daily, November 27, 2024
The Spanish investor Healthcare Activos has bought a nursing home in Erdmannhausen in the Stuttgart region.
Italy: €60m Italian nursing home portfolio hits the market
By GreenStreet News, November 27, 2024
Project Geras comprises properties in Milan, Genoa and Trecate.
UK: Labour government signals major push for UK seniors housing growth with landmark taskforce report
By Today´s Conveyancer, November 27, 2024
The Knight Frank has suggested that after their findings, building 10 per cent of Labour’s 1.5million target for seniors would save the NHS £366million annually with the private sector poised to invest £76billion ‘with the right conditions’. The Labour Government has published Older People’s Housing Taskforce report, marking a watershed moment for the UK’s seniors housing sector.
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