The Market Monitor Digest (week 15/2023)
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
UK, Nottingham: Jensco sells Ten Traffic Street PBSA asset to IQ
By Bea Patel, April 13, 2023
The Jensco Group announces the sale of Ten Traffic Street, a purpose-built student accommodation asset in Nottingham.
Canada, Peterborough: Trent University Leasing Land to Build Student Housing Totaling Roughly 215 Beds on Water Street
By David Tuan Bui, April 12, 2023
Trent University has leased property for Residence Development Corporation (RDC) to build and operate an upper-year student housing building with approximately 215 beds near the Symons Campus in Peterborough announced on Wednesday.
France, Paris: "This ECLA residency is a singular and structured response to the needs of the market and the community"
By Florelle Visentin-Klein, Emmanuel Desmaizières and Anne-Charlotte Zanassi, April 11, 2023
On an industrial wasteland in Villejuif, near the future Grand Parc Campus, Icade Promotion and Uxco Group opened ECLA Paris Villejuif in early January, a student and coliving residence offering 863 beds, spread over 754 housing units, as well as 2,500 m2 of services.
UK, Exeter and Cardiff: Ethos Property Mulls Sale or Refinancing of Cardiff and Exeter Student Accommodation Properties
By Bert Erik ten Cate, April 11, 2023
Ethos property is considering the sale of refinancing of two student accommodation properties in Cardiff and Exeter, according to a stock exchange announcement.
UK, Belfast: Plans in for major Belfast development
By Matthew Ord, April 06, 2023
Plans for a 353-strong residential-led Belfast development have taken their latest step forward.
Germany: Scarce supply of rental apartments will stimulate demand for purchase
Author unknown, April 12, 2023
Asking prices for existing apartments fell nationwide by 2.3% in Q1/2023 compared to the previous quarter, for the third quarter in a row. However, there are no indications of a crash. Condominiums in Berlin declined only slightly (-0.2%), while rents went up 5% over the past three months and 19.7% over the past year.
UK: PfP Capital and Housing Growth Partnership launch JV
Nick Biring, April 12, 2023
PfP Capital and Housing Growth Partnership launch a £390m joint venture to deliver residential-led, urban communities across the UK. It will target the delivery of 1,200 sustainable homes – a mix of Build to Rent and residential for sale.
UK: UK Build to Rent investment exceeds £1.1bn in Q1 2023 Bea Patel, April 12, 2023
UK: UK Build to Rent investment exceeds £1.1bn in Q1 2023
Bea Patel, April 12, 2023
Build to Rent sector recorded this strong recovery following total volumes in 2022 equating to around £4.3bn. Around 75% to 80% of investment activity was outside of London – around major regional cities such as Manchester and Birmingham.
Czechia, Prague: Česká spořitelna to build low-rent flats with FINEP in Prague
Author unknown, April 5, 2023
Česká spořitelna has started to build affordable apartments with low rents for employees that cities lack. The first such apartment buildings with 254 flats are already taking shape in Prague 9, built by a subsidiary of the bank DBČS with the developer Finep for €42.7 million.
Germany, Hamburg: ROCKSTONE starts construction of new apartments in the greater Hamburg area
Author unknown, April 11, 2023
ROCKSTONE Real Estate begins construction of a total of 219 new apartments in the ILO Park in a central location in Pinneberg. The first phase provides for the construction of 126 condominiums in the houses at An der Mühlenau 14 A to E by the first quarter of 2025.
France, Saint-Maurice-en-Gourgois: The seniors' home welcomes its first residents
By Catherine Duculty, April 12, 2023
Home and residence for seniors Saint-Maurice (Marpa) welcomed its first residents on Tuesday after years of projects, then months of construction.
Germany, Trier-Kürenz: The starting signal for the Burgundy district in Trier-Kürenz
By Lara Bousch, April 13, 2023
In the next ten years, a modern residential area will be built on the site of the former military barracks. The "Burgunderviertel" residential project is presented on its website with lots of greenery, flowers and people gardening. Different forms of living in a neighborhood. A total of 440 residential units were planned for two years, says David Becker. He is the managing director of the real estate development company EGP. In order to attract many people such as seniors, singles and families, the developers have created different forms of housing. This means that not only multi-family houses will be built, but also small single-family houses, micro houses (approx. 80 m² living space), semi-detached houses and a house for assisted living.
UK, Bedworth: Plans for 455 home development in Bedworth set for green light
By Claire Harrison, April 12, 2023
The green light is set to be given for a new 455 home development on field land in Bedworth. Last year, Richborough Estates, in partnership with the Nicholas Chamberlaine School Foundation, put in the application for a large swathe of land on Hospital Lane. Now officers at Nuneaton and Bedworth Borough Council are recommending that the application, which is for up 455 homes, a District Centre including up to 55 senior living units and associated infrastructure and open space, is given the go-ahead.
Germany, Fürth: The new construction of a 51-house rental center in Würzburger strasse has begun
By Dieter Gürz, April 9, 2023
According to plan, G + S Bau GmbH, as the builder and developer, has just started the new construction of a senior center with 51 units in Würzburger Straße on the 5,500 square meter site of the old Rewe market and the residential building at number 58, which has been cleared of building fabric. The construction period is 18 months.
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