The Market Monitor Digest (week 13/2023)
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
Spain, Barcelona: Hines buys a residential building in Barcelona's Porta Diagonal from Sacresa for almost €90 million
Author unknown, March 29, 2023
Hines is preparing the acquisition from Sacresa of the hotel tower project in Porta Diagonal, in the Finestrelles sector, in Esplugues (Barcelona). The US fund's project is to convert the asset into a student residence and operate it under the Aparto brand. The building has a hotel and aparthotel license, and Hines plans to serve as accommodation for students and young professionals.
UK, Swansea: New 370 bedroom student accommodation scheme in Swansea reaches construction milestone
By Sion Barry, March 29, 2023
Construction work on a new 370 bedroom student accommodation scheme in Swansea has marked its highest point with a topping out ceremony. The Ty Nant project, which is being forward funded by EQT Exeter, is being delivered by Bangor-based developer Watkin Jones.
UK, London: Sellar switches London flats/hotel plan for 444 student rooms
By Aaron Morby, March 27, 2023
Developer Sellar has dropped plans for a London hotel and flats project in favour of now building a large student scheme on the Southwark site.
Netherlands, Rotterdam: Rotterdam has a plan for 400 new student residences per year
By Mariska van Schijndel, March 24, 2023
Not only more student housing, but also affordable ones. This is what the municipality wants to achieve with the Student Housing Implementation Plan.
UK, Nottingham: 10,000 more student beds planned for Nottingham
By Joe Locker, March 23, 2023
The shortage of affordable homes in Nottingham “could have been an awful lot worse” if enough student accommodation blocks had not been built, the city council has said.
Spain, Madrid: Culmia invests 515 million in the development of 3,767 affordable homes in Madrid
Author unknown, March 21, 2023
Culmia recently acquired two lots from the 'Affordable Rental Plan' from the Madrid City Council and a lot from the 'Plan Vive II' and the first phase of the 'Plan Vive' - a batch of 1,763 homes. In all of these projects, the company is going to invest a total of 515 million euros.
Sweden, Stockholm: JM sells rental property in Stockholm to Resinova Bostads for €60m
Branislav Pekic, March 24, 2023
JM has sold a rental property near Stockholm to Resinova Bostads for €60.4 mln. Consisting of 218 residential units, Kvarter 8 is part of the larger development area Söderdalen in central Järfälla.
UK, Leeds: Plans approved for PLATFORM_’s Sweet Street Build to Rent
Bea Patel, March 24, 2023
PLATFORM_ secured planning approval from Leeds City Council’s planning committee to create a 1.3 million sq ft mixed-use quarter on Sweet Street West. The new Sweet Street development will deliver 1,350 homes.
UK, Cardiff: Watkin Jones and Legal & General start work on Cardiff Quay BTR
Author unkown, March 24, 2023
Watkin Jones and Legal & General have started on a new project at the former Brains Brewery site in Cardiff Quay. The scheme will feature over 715 BTR apartments as part of the wider €1.2bn regeneration project in the Welsh capital.
France, Martot: Next to Pont-de-l'Arche 126 housing units for seniors by 2024
By Béatrice Cherry-Pellat, February 28, 2023
The former Ehpad de Martot (Eure), closed since 2015, will be converted into a residence for independent elderly people. Delivery is planned for the end of 2024. In the Château de Martot park, 126 accommodation units with an area of approximately 45 m2 are under construction in the building of the former nursing home near the Elbeuf hospital center. Project led by Batipro, based in Bois-Guillaume (Seine-Maritime). The former Ehpad, which was bought by the Seine-Eure agglomeration in 2016, was then sold to Batipro to create housing for seniors.
Germany: Specht buys three nursing homes in Lower Saxony
Author unknown, March 27, 2023
The Specht Group acquires three retirement and nursing home facilities in Lower Saxony from the Altenheim-Stiftung Lotto, Hanover. On the one hand, it concerns facilities in Emden (Am Heuzwinger 10) and Einbeck (Walkemühlenweg 11-15), in which Specht acquires the operating companies in addition to the respective properties, and on the other hand, a retirement home in Garbsen (Kochslandweg 29). All three facilities are to be energetically renovated.
Spain, Galicia: This will be the new residences for the elderly that Amancio Ortega is going to build in Galicia
By Pablo Recio, March 25, 2023
Amancio Ortega donates 90 million for the construction of seven residences for the elderly. New and modern Galician public residences are already under construction and could soon become a reality. The Amancio Ortega Foundation donated 90 million euros four years ago to build, finance and equip seven public residences with 150 to 120 beds for the Xunta de Galicia with state-of-the-art equipment.
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