The Market Monitor Digest (week 40/2023)
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
France, Angers: In Angers, a residence is emerging: 150 new accommodations for students
By Bastien Lejot, September 29, 2023
The Les Estudines residence was inaugurated on Thursday September 28 in Angers (Maine-et-Loire), Saint-Serge district. If the 150 new housing units are to allow a saturated market to breathe, long-term solutions will have to be found quickly.
Poland, Krakow: The Jagiellonian University is ready for the 660th academic year. A new dormitory will be built in Ruczaj
By Kinga Poniewózik, September 29, 2023
The Rector revealed that due to the great interest in the university, the expansion of the campus in Ruczaj is planned. It is a new dormitory for 400 students. Talks about this project are ongoing.
UK: Apollo backs Cain with £250 million PBSA loan
By Mark Mwaungulu, September 28, 2023
The loan will support the delivery of 2,389 student accommodation beds in the UK.
UK: Vita Group agrees PBSA asset sale with Savills Investment Management
By Vita Group, October 02, 2023
Urban regeneration specialist Vita Group has agreed a major transaction with Savills Investment Management, on behalf of a key client, for the sale of three assets at circa £300 Million. The deal demonstrates clear confidence in the UK’s purpose-built student accommodation (PBSA) market.
France, Bordeaux: Student residences are gaining height in Talence
By France Blue Gironde, October 02, 2023
Bordeaux campus where a very special project is nearing completion with the construction of 115 studios in building G of village 1 in Talence.
BTR
Germany: MVGM takes over management of 6,280 residential units nationwide
Author unknown, September 29, 2023
MVGM has taken over the management of 6,280 residential units nationwide with a total rental area of around 375,000 m² for an internationally active asset manager. The majority of the properties are located in North Rhine-Westphalia.
Germany, Berlin: The Base is planning 157 apartments in “Funkytown”
Author unknown, September 29, 2023
The Base has rented around 5,100 m² GFA in the Trockland neighborhood development “Funkytown” on Rummelsburger Landstrasse in Berlin-Oberschöneweide. 157 apartments are planned.
Germany, Hamburg: Topping out ceremony for the first 220 apartments in the Max Brauer Quarter
Author unknown, September 29, 2023
By 2025, an urban quarter with more than 460 rental and condominiums, privately financed and publicly funded, offices, a daycare center and restaurants will be built.
Spain: Solventis plans to allocate 500 million euros from its BTR fund in Catalonia
Author unknown, September 28, 2023
Solventis, through its fund specialized in affordable rentals Fondvisio, plans to build up to 3,100 homes in Catalonia through public-private collaboration together with the Catalan administration.
Senior Living
US, Texas: Tradition Senior Living Completes 297-Unit Project in Fort Worth
Author unknown, September 29, 2023
Developer and operator Tradition Senior Living has completed construction on a 297-unit project within the 270-acre Clearfork mixed-use development in Fort Worth. The Tradition-Clearfork offers 214 independent living residences and 95 assisted living and memory care units.
US, Belmont: BLVD Buys Bay Area Affordable Senior Housing
By Diana Firtea, September 29, 2023
BLVD Group purchased Bonnie Brae Terrace, a 164-unit affordable senior housing development in Belmont, California. Lesley Senior Communities sold the property for $18 million. BLVD secured a $10.8 million Fannie Mae loan from Newmark, public records show.
Italy, Viadana: Housing supply plan for 2024
Author unknown, October 03, 2023
Specifically, there are a total of five accommodations available pending a tender to be announced in 2024: four SAP (Public Housing Services) accommodations, which include also senior accomoodations and one SAT (Transitional Housing Services) accommodation.
LATEST INDUSTRY NEWS IN YOUR MAILBOX
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.
