The Market Monitor Digest (week 33/2023)

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.

August 18, 2023 BONARD Market Monitor team

Student Housing & Co-Living

Ireland, Letterkenny: Landmark Letterkenny developments gets go-ahead

By Chris McNulty, August 11, 2023

Conditional planning permission has been granted for the development, which will see the construction of six-story, four-story and two-storey buildings that will include 154 student bedrooms, 13 apartments, a restaurant and a church just off the Station Roundabout.

Italy, Milan: Two new student residences are opening in Milan in the Bocconi and Navigli areas

Author unknown, August 14, 2023

Expensive rents: two new student residences will open in September in the Bocconi and Navigli areas. The operation bears the signature of Welcome Home.

Spain, Burjassot: The boom in university residences in l'Horta

By Claudio Moreno, August 14, 2023

In total there are 1044 new rooms in Burjassot.

Germany, Magdeburg: 470 apartments for students in Magdeburg: Construction project on the B 1 in planning

By Stefan Harter, August 15, 2023

A student dormitory with 470 apartments is planned between the university and the center of Magdeburg.

UK, Nottingham: Nottingham tower block for 400 students ‘on target’ for completion in 2024

By Joe Locker, August 16, 2023

A 12-storey block for more than 400 students is taking shape and ‘on target’ to be completed by August 2024. Development consultants Lichfields and architecture practice Consarc had submitted plans for the 12-storey block, purpose built for 406 students, alongside a taller 22-storey tower, to accommodate 163 private rent apartments, and a smaller nine-storey block, to accommodate a further 75.

Canada, Vancouver: UBC to build 4,800 new student housing beds for $1.4 billion

By Kenneth Chan, August 16, 2023

According to UBC, it is now the largest university provider of student housing in Canada. With Tuesday’s opening of Brock Commons North, the university’s newest student housing building with 316 beds, the total number of student beds at the Vancouver campus is now 13,205. There are also 2,120 beds at the Okanagan campus, which puts UBC’s total on-campus student housing capacity at 15,325 beds.


Germany, Berlin: INDUSTRIA buys 98 rental apartments for EUR 36.3 million

Author unknown, August 14, 2023

INDUSTRIA has purchased a rental building in Nuthetal. The seller is DAHEIM in Saarmund Wohnungsbau GmbH, a subsidiary of the Berlin project developer and property manager GOKOM Verwaltungs GmbH. The total investment amounts to 36.3 million euros.

Senior Living

Canada, Fleurimont: New senior residence with 75 units in Fleurimont

By Tommy Brochu, August 11, 2023

The new retirement home will rise on Duplessis Road, near Super C. Named Les Habitations Bella Terra, the service-free RPA will be four stories tall and have 75 units. The project will be completed in 2025.

France, Routot: A future residence for senior citizens will be built in the city center in Routot

By Charlotte Lakits, August 13, 2023

Thanks to two projects, a rental and a joint rental, the senior residence could accommodate 80 to 100 people. The project should move to the next phase at the beginning of 2024. The building permit can thus be obtained during the year for the start of work in 2025.

Germany, Sulz am Neckar: The "Angelika-Wössner-Stift" is in operation

Author unknown, August 15, 2023

New building on Stuttgarter Strasse. The entire project should be completed in the next few weeks and fully occupied by the end of the year. It contains 60 rooms and each room has its own bathroom. A day care center and social center will be added to the project, which will start functioning after the completion of the construction of 44 barrier-free apartments for seniors, and a house for employees for five shared apartments.


Stay informed via our
Daily Market Monitor

Tap into a personalised daily digest of recent developments, investors' plans, asset openings and transactions in rented residential asset classes.

DISCLAIMER: The intention of the Media Monitoring (hereinafter referred to as “service”) is to inform about the most recent developments in the global student housing asset class through the collection, review, and dissemination of media releases published by third parties. The service does not claim any intellectual property of the original or interpreted sources. By using this service, you grant your consent with the following terms of use and caveats:

  • Content retrieved from sources which require paid access is not available due to legal reasons, apart from part(s) which are public, or parts which are transposed from the main source and otherwise available.

  • In accordance with good manners, journalists´ ethic, and source-tracking, the service state the name of the author, article URL source, and date of publication, as usual. At the end of daily monitoring records, the default source website, used for search in the actual edition, is offered.

  • Articles are searched for and selected from verified and reliable sources. The service may not be held responsible for the content of the source or any action(s) taken on the basis of the information provided.

  • Texts from other than English-medium sources are translated automatically – the service does not guarantee flawless translations.

  • The service offers the most recent information at the time when the scan of inputs was done. Time delays may occur due to different time zones. Scans conducted are based on Central European Time (CET).

The service offers publicly available and visible information as well as information, which is possible to trace and gather via publicly available and possible means.