The Market Monitor Digest (week 49/2023)
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
Spain, Seville: A new student residence with 494 rooms will be located in La Cartuja
Author unknown, December 06, 2023
A new student residence in La Cartuja. The Executive Commission of the Urban Planning and Environment Management of the Seville City Council has approved granting a license for the construction of this infrastructure, with 494 rooms and a community pool, in the Cartuja Scientific and Technological Park (PCT), next to the Higher Technical School of Engineering (ETSI) from the University of Seville.
UK, Birmingham: Associated Architects submits 1,200 student bed Birmingham scheme
By Gino Spocchia, December 06, 2023
Associated Architects has submitted designs for a 34-storey tower.
France: Real estate: the Government will build 35,000 new student accommodations by 2027
By Maëva Floricourt, December 05, 2023
Every year, two million students have to find accommodation outside the family cocoon to continue their studies. Over the years, this search has become an obstacle course, especially since the scarcity of available housing has reached critical levels in 2023 in many cities. Faced with this shortage, the Borne government plans to create 35,000 new accommodations reserved for students by 2027.
Portugal, Porto: Stoneshield Capital expands in Portugal via €50 million deal
Author unknown, December 04, 2023
ESAF, the evergreen Student Housing Core+ fund backed by Stoneshield Capital and funded by UBS Asset Management´s institutional investors, has acquired two new student residences in Porto for €50 million.
UK, Belfast: Queen’s University to allocate £100 million to address student housing shortage in Belfast
Author unknown, December 04, 2023
Currently hosting around 45,000 full-time students engaged in tertiary education, Belfast is projected to require an additional 3,000 rooms within the next five years, solely for Queen’s University students.
BTR
Belgium, Brussels: IRP and Eaglestone Belgium close BTR deal
Author unknown, December 1, 2023
ION Residential Platform has acquired part of the Twin Falls residential scheme in Woluwe-Saint-Lambert, in the northeast of The state-of-the-art building, designed by B2AI architects, will consist of 54 high-quality rental apartments.
Germany, Rottenburg am Neckar: Instone sells 105 apartments to the city
Author unknown, December 5, 2023
Instone Real Estate is implementing the holistic neighborhood development “Neckar.Au Quarter” with a total of around 400 residential units on five building sites. The city of Rottenburg has now acquired 105 residential units.
Netherlands, Leiden: M&G invests €41.7 million in rental properties
Author unknown, December 4, 2023
M&G Real Estate will pre-finance a private sector rental housing project worth €41.7 million in Leiden. The project by Lingotto has been named More5 and will consist of 206 apartments.
UK, Stockport: Capital&Centric’s Weir Mill BTR reaches major milestone
Amy Johnson, December 4, 2023
Capital&Centric have reached a major construction milestone of the £60m transformation at their Weir Mill development. Once complete in 2024, Weir Mill will deliver 253 design-led apartments.
SUK, Lodnon: McLaren Living acquires Watford site for new BTR
Bea Patel, December 5, 2023
McLaren Living acquires the Watford Police Station and Magistrates Court. McLaren Living plans to deliver a new mixed-use neighbourhood with approximately 300 Build to Rent homes.
Senior Living
Belgium, Brugy: Abrdn is expanding its residential real estate portfolio with new acquisitions in Europe
Author unknown, December 06, 2023
The Ten Boomgaard property in Brugy, Belgium is located close to the city center of Bruges. The project with an area of 8,204 m2 includes the construction of senior housing (113 apartments), as well as common areas with a restaurant, swimming pool and gym.
Germany, Brühl: The new senior center in Brühl is to have 65 housing units
By Ralf Strauch, December 04, 2023
The investor, Wohnquartier Brühl from Dossenheim, is bidding to build a new senior center with 65 housing units and special use at the intersection of Römerstrasse and Schrankenbuckel.
Germany, Lentföhrden: Immac acquires nursing home in Schleswig-Holstein
Author unknown, December 05, 2023
The Immac Group has acquired the retirement and nursing home "Zur Waldburg" in Lentföhrden in the Segeberg district. The transfer of benefits and burdens took place at the beginning of December 2023. The nursing home has around 4,000 m² of rentable space with 90 beds in 28 single and 31 double rooms. With the change of ownership, the Berlin-based Inter Pares Group is the new operator of the nursing home.
Germany, Wilhelmshöhe: New neighborhood in Eutin: 300 apartments planned for Wilhelmshöhe
By Constanze Emde, December 02, 2023
The high-rise building in Wilhelmshöhe is now awaiting reconstruction. Where once only senior citizens and police students lived, a completely new, park district with new apartments and micro-apartments is to be created.
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