The Market Monitor Digest (week 30/2023)
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Student Housing & Co-Living
Germany, Aalen: "Vat" is demolished, student residence comes
By Verena Schiegel, July 26, 2023
I Live Holding is developing a project on the site of the cult disco in Unterrombach. 162 apartments are to be built here by 2025.
UK, London: Green light for final elements of Olympic village development
By Daniel Gayne, July 26, 2023
The N18 and N19 buildings will provide a total of 848 new rental homes, while N16 provides 504 students homes, 35% of which will be “affordable”, along with a new space for independent retailers. Thew new student homes respond to a growing need for student housing in Newham, which currently has a 3,700-student bed shortage, and Get Living has partnered with the London College of Fashion for more than half of N16’s new homes.
Spain, Granada: Student Experience will open its second student residence in Spain in Granada
Author unknown, July 25, 2023
The Dutch company Student Experience will inaugurate its second project in the country in Granada in 2024, a high-end residence for students with 520 furnished studios and facilities such as a swimming pool or paddle tennis courts.
UK: Unite raises £300 million to start two student schemes
By Aaron Morby, July 25, 2023
Student room developer Unite has completed a £300 million share cash raise to fund two more big development schemes.
Germany, Ansbach: Milchhof area becomes the Ansbach-Carré
Author unknown, July 20, 2023
A good 220 new apartments are now being built in Ansbach. The state housing company BayernHeim GmbH has started construction work on the so-called Milchhof area. The Ansbach-Carré should be finished in just under three years. Almost half will be high-quality subsidized apartments, plus a good 80 student apartments and 4 commercial units, reports BayernHeim.
BTR
Netherlands, Amsterdam: Altera acquires 225 homes in Amsterdam's new district
Isobel Lee, July 24, 2023
Altera Vastgoed has signed a deal to acquire 225 rental homes within the De Pionier mixed-use project in Amsterdam, 175 of which are in the mid-rental segment and the other 50 in the private sector.
UK, Cardiff: Rightacres and Knight Frank launch £100m Cardiff BTR opportunity
Amy Johnson, July 21, 2023
Knight Frank has launched a £100m Build to Rent development opportunity in Cardiff city centre. The 0.52-acre site, currently known as ‘Plot 5’ has planning permission for 364 residential units over 35-storeys.
Germany, Frankfurt: abrdn celebrates the topping-out ceremony for residential towers in Frankfurt's Sommerhoffpark
Author unknown, July 20, 2023
abrdn Investments Deutschland AG celebrated the topping-out ceremony for the residential towers at Frankfurt's Sommerhoffpark. The two towers comprise a total of 127 apartments, which will be rented out by abrdn after completion.
Spain: Azora buys two BTR developments from Aedas located in Madrid and Alicante
Author unknown, July 26, 2023
Azora has closed the purchase of two build to rent developments from Aedas Homes, with a total of 327 homes, located in Alcalá de Henares (Madrid) and San Juan de Alicante.
UK, London: Get Living secures planning for BTR homes at East Village
Nick Biring, July 26, 2023
Get Living secures planning for three applications which forms the final piece of the East Village jigsaw. The plans include planning consent for up to 848 Build to Rent units.
Senior Living
France, Plaisance-du-Touch: Residence for seniors: construction begins
Author unknown, July 27, 2023
Work began at 56 avenue des Pyrénées. The Maison Guitard senior residence is a project to build 85 one- to three-bedroom apartments with 25 parking spaces and a bicycle room in the basement. The residence will be delivered during the 4th quarter of 2024.
Germany, Schaafheim: Schaafheim gets a care home with a nursing home
By Melanie Schweinfurth, July 24, 2023
In Schaafheim, between Babenhäuser Strasse and Heerweg, a residence for the elderly will be built with 81 care rooms and 24 assisted living apartments. Work is due to start in the fourth quarter of this year and it will take approximately two years from then until the property is ready for occupancy.
Spain, Guadalajara: The regional government finances almost 1,500 public places in residences and city day centers and 177 homes for the elderly with a sum of 17.2 million euros
Author unknown, July 26, 2023
The regional government is funding 1,472 public places in residences and day centers owned by municipalities, as well as 177 homes for the elderly through a call for grants to local entities. Among them is the one in Cifuentes, where his 10-bed community home for seniors receives 28,000 euros from this call for funding. A total of 912 public places in 52 residences, 560 places in 36 day care centers and 177 municipal homes for the elderly are financed by this call.
Germany: Emvia hands over locations to Specht
By Anke Pipke, July 20, 2023
The French credit fund Ardian apparently wants to take over the nursing home operator Emvia Living, according to information from the Federal Cartel Office. In the meantime, some Emvia locations have switched to the Specht Group.
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