The Market Monitor Digest (week 22/2023)

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.

Jun 2, 2023 BONARD Market Monitor team

Student Housing & Co-Living

Ireland, Waterford: Plans in place for a further 700 student beds in Waterford

By Jordan Norris, May 31, 2023

SETU is currently delivering a plan for up to 700 beds on both campuses in both Waterford and Carlow, according to the Minister of State at the Department of Enterprise, Trade, and Employment.

UK, Liverpool: McLaren Property Plans For 242-bed Liverpool Student Homes Scheme

By Luke Haynes, May 31, 2023

Residential and commercial property developer McLaren Property has submitted a planning application for a 242-bed purpose built student accommodation scheme on the site of Liverpool´s former Ritz Roller Rink.

UK, Nottingham: Plans revealed for 141-bed Nottingham student scheme

By Sam Metcalf, May 31, 2023

In total, the scheme would house 141 students close to the University of Nottingham’s Jubilee Campus.

Poland: Private dormitories in Poland - the genesis of success

By Jack Bulenda, May 30, 2023

The current number of students in Poland is just over 1.2 million, which is the sixth result in Europe. According to all forecasts, this number will continue to grow over the next few years, generating demand for modern facilities with convenient locations and attractive additional functions. The answer to this situation on the market are private dormitories, which are becoming increasingly popular not only with students, but also with investors.

UK, London: CZWG 12-storey student housing block for Arsenal FC gets go-ahead

By Gino Spocchia, May 30, 2023

Islington Council has approved a CZWG-designed 284-room student accommodation block for Arsenal Football Club, close to its Emirates Stadium.

Poland, Poznan: A new dormitory on the Morasko campus

By Bartholomew Najtkowski, May 29, 2023

From the beginning of the next academic year, a new dormitory will open at the Morasko Campus - the Meteor student dormitory. It will be able to accommodate 400 students.

UK, Liverpool: Brick company works on prominent student housing scheme

By Alice Bird, May 26, 2023

A Yorkshire-based brick company has unveiled its role in a significant student accommodation development in Liverpool. Renshaw Hall comprises 404 bedrooms alongside a cinema, games room, gym and social spaces including private dining and a sky lounge.

Germany: NREP doubles firepower for Germany

Author unknown, May 26, 2023

Investment platform Urban Partners has raised €3.65 billion for investments in its Northern European real estate business Nordic Real Estate Partners (NREP). According to the company, the new "NSF V" is the largest European value-add real estate fund to date. For Germany, the investment capacity increases to up to €1 billion. The first investment was made here as part of a long-term joint venture with the Artisa Group, which plans to build 5,000 co-living apartments by 2025.

Ireland: Harrison Street grows Irish student housing portfolio via Elkstone partnership

By IPE STAFF, May 26, 2023

The investment firms team up to develop over 1,500 purpose-built student beds in Ireland by 2028.


Netherlands, Rijswijk: 220 The Minister homes in Rijswijk delivered to ASR Dutch Core Residential Fund

Author unknown, May 26, 2023

The 220 rental homes of project The Minister in Rijswijk were recently delivered to the ASR Dutch Core Residential Fund, developed by Reshape Properties.

Finland: KKR Announces the Acquisition of a Residential Portfolio in Finland

Author unknown, May 25, 2023

KKR acquire a portfolio of thirty residential properties in Finland from Kruunuasunnot. The Portfolio comprises over 1,200 residential units with two thirds of the portfolio located in the country's three largest cities of Helsinki, Turku and Tampere.

UK, Leicester: United Trust Bank fund Oblix Living’s The Saxons BTR

Nick Biring, May 30, 2023

United Trust Bank provides Oblix Living with £15.3m funding to complete The Saxons, its Build to Rent scheme in central Leicester which has an estimated GDV of £24m. The development will deliver 100 new homes.

Senior Living

Germany, Schkeuditz: Five Quarters buys a retirement home in Schkeuditz, Saxony

Author unknown, May 30, 2023

Hamburg real estate company Five Quarters Real Estate AG | 5QRE continues its investment course. The purchase contract for the construction of a nursing home in Schkeuditz, Saxony, was concluded for the "5QRE Healthcare Infrastructure Deutschland 01" fund. The facility will have 120 single rooms and construction will begin in the summer of 2023. The new nursing home in Schkeuditz is located in the immediate vicinity of a 150-bed acute care complex and in the catchment area of the largest cities in Saxony and Saxony-Anhalt, Leipzig and Halle/Saale.

US, Scio Township: A plan for over 100 acres near Baker and Marshall Roads in Scio Township is moving forward

By Lonnie Huhman, May 31, 2023

A development planned along Baker Road in Scio Township, which is proposing 149 attached residential units, 82 duplex units and an 85,035 square feet senior adult living facility, received approval for its PUD final site plan. There are three parcels involved and three addresses for the overall land in question: 621 Baker Road and 7777 and 7673 Marshall Road. Senior adult living facility building containing the following: Nursing Home (skilled care): 42 single rooms; 4 double rooms – 50 beds, Home for the Aged (assisted living): 15 single rooms; 4 double rooms – 23 beds, Home for the Aged (memory care): 12 single rooms; 3 double rooms – 18 beds, Independent Living: 19 one-bedroom apartments; 1 two-bedroom apartment; 5 studio apartments – 26 beds.

US, Hawaii: Waikoloa Vacation Rentals to Build Affordable Housing in Hawaii Resort

By Diana Firtea, May 29, 2023

Waikoloa Vacation Rentals plans to build Ho’omalu at Waikoloa Beach Resort, a 229-unit affordable housing project in Waikoloa, Hawaii, catering to residents earning between 30 and 100 percent of the area median income. Construction is slated to begin later this year or in 2024. Upon completion, the first affordable housing community in a Big Island resort will incorporate one-, two- and three-bedroom floorplans. Common-area amenities will include a swimming pool, a fitness center, a community center, a daycare with a Hawaiian education theme and barbeque areas.

Switzerland, Lausen: UBS Anfos fund with higher rental income

Auhor unknown, May 26, 2023

UBS (CH) Property Fund – Swiss Residential "Anfos" increased rental income by CHF 1.8 million to CHF 65.2 million in the first half of 2022/23. This was contributed by the decrease in the rent default rate from 4.3 to 3.6%. During the first half of the year, the fund acquired the "Dreiklang" new building project for apartments for seniors in Lausanne (BL). The project, with an investment volume of around CHF 44 million, includes four stand-alone buildings with a total of 34 apartments for the elderly, 40 nursing rooms, operating and restaurant areas and 60 parking spaces.


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