The Market Monitor Digest (week 48/2023)

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December 1, 2023 BONARD Market Monitor team

Student Housing & Co-Living

Spain, Madrid: Greystar returns to PBSA market in Spain with acquisition in Madrid

Author unknown, November 29, 2023

Greystar has acquired a 435-bed PBSA asset, which is fully permitted freehold plot.

UK, London: Southwark residential development to create homes, jobs and new public spaces

By Matthew Neville, November 29, 2023

The London Borough of Southwark has approved plans for a mixed-tenure residential scheme. Designed by tp bennett for client Joseph Homes, the scheme at Sylvan Grove will deliver a mix of Purpose-Built Student Accommodation (PBSA) and affordable housing across two adjoined buildings along with 1991 sqm of employment space and a new square. The scheme sits to the north of a 7.7-acre master plan and is one of a number of buildings being developed in the Old Kent Road Opportunity area, fulfilling a London-wide need for student housing. The 34-storey tower comprises 688 student bedrooms as a mix of studio apartments and clusters of three to eight bedroom apartments.

UK, Brighton: Scape offers up Brighton student block for sale

By Jessica Middleton-Pugh, November 27, 2023

Asset in one of UK's densest student markets.

Spain, Madrid: RESA will open a student residence for the 2024-2025 academic year in Chamartín

Author unknown, November 27, 2023

The operator, which changed its CEO last September, expects that the facility will be ready for the 2024-2025 academic year and, under the name of RESA Chamartín, it will have 320 beds and will have starting prices of between €800 and €900 a month. With this residence there are now 41 that make up the RESA network, with a presence in 21 Spanish cities and with an offer of more than 11,300 accommodation places.


Netherlands, Rotterdam: Red Company and Redevco start work on The BaanTower Rotterdam

Bert Pots, November 28, 2023

The BaanTower will contain 427 rental properties, 30% of which fall into the affordable segment. The 159 meter high residential tower is designed by Powerhouse Company.

UK, Bournemouth: Peveril Securities and MDM secure planning for Oxford Gardens BTR

Bea Patel, November 24, 2023

Peveril Securities and MDM have obtained resolution to grant planning permission from Bournemouth, Christchurch and Poole Council, to redevelop Holland House in Bournemouth. The new proposals will see the delivery of 487 new Build to Rent homes.

Netherlands, Ultrecht: CBRE Investment Management is delivering 333 rental properties in Parkhaven Utrecht

Bert Pots, November 28, 2023

CBRE Investment Management has delivered 333 rental apartments in the Parkhaven district in Utrecht. The homes are spread over 12 residential buildings.

UK, London: Long Harbour appoints Circle at Beaufort Park BTR scheme

Bea Patel, November 27, 2023

Circle will administer the forward commit agreement recently announced by Long Harbour for the forward purchase of 370 Build to Rent homes and accompanying amenity space within the Beaufort Park scheme.

Senior Living

Germany, Lippstadt: Cureus builds retirement home in Lippstadt

Author unknown, November 27, 2023

Cureus is building a retirement home with 88 inpatient and short-term care places at Zum Amt 2 in Lippstadt, North Rhine-Westphalia. On the 4,500 m² plot directly at the foot of the old Lipperode castle complex, a three-storey building with approx. 5,400 m² GFA is being built. The new building, for which Cureus is also the general contractor, is scheduled for completion in spring 2025. It will be operated by Curavie Senior Residences.

Sweden, Skoghall: Sold for 16 million - renovate for 118 million

By Joakin Strand, November 27, 2023

Hammarö Estate is selling parts of Gunnarskärsgården to the municipality for SEK 16 million. After a SEK 118 million renovation, the former nursing home could be used for the operation of LSS, accommodation for seniors and a fixed point for home service.


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