M&G buys London student accommodation building for £79m
M&G has bought one of the two remaining student accommodation buildings in Blackrock’s Onyx Collection …
Scape strikes $2b Urbanest deal in year’s biggest single property sale – Australia
In the biggest single property transaction this year, student accommodation provider Scape Australia has struck a deal to acquire the $2 billion portfolio of dorms run by Urbanest.
The deal follows on the heels of its $680 million acquisition of the Atira portfolio …
UK Student Accommodation Report 2019/20 – Cushman & Wakefield
The Student Accommodation Annual Report 2019 provides a unique insight into the trends in demand, supply and investment during the sector’s year to date.
Headlines include:
- 87% of all new beds delivered by private sector providers, the joint highest proportion on record
- Demand for student accommodation continues to rise around 30% faster than number of beds developed
- 114,000 Purpose Built Student Accommodation (PBSA) beds in the pipeline, two thirds have full planning approval
- Deals worth £2.5 billion transacted by end of October 2019 with a further £2 billion under offer
2019 End of Cycle Report – UCAS
The UCAS End of Cycle Report 2019 is the first national overview of demand for, and acceptances to, undergraduate UK higher education (HE) for the 2019 admissions cycle.
The End of Cycle Report provides independent in-depth analysis and insight about who’s applying and being accepted into full-time undergraduate higher education. As in previous years, UCAS is publishing the End of Cycle Report in several chapters, throughout November, December and January. Detailed insight on a specific topic is published on each date, accompanied by several chapters of additional reporting.
The End of Cycle Report is accompanied by the release of accompanying data resources, presented in an interactive dashboard, allowing users to visualise and tailor the reporting to their own specifications. These data sets are also available in files which are free to access and reuse …
Student Accommodation Survey – Knight Frank
This year’s Survey captured the voices of over 60,000 young people, split across current students and new applicants from the UK and abroad and the results give us new insight into today’s student.
Overall, it is encouraging to see that the survey shows high levels of student satisfaction within the purpose-built student accommodation (PBSA) market, more so in fact than the alternatives available in the private rental sector.
Affordability is, once again, the number one issue facing students …
Blackstone and Brookfield join £4bn hunt for UK student housing group IQ
Blackstone and Brookfield are among five potential bidders circling IQ, a UK student accommodation company, in a deal that may be worth more than £4bn, people briefed on the matter said.
The interest in London-based IQ comes as its owners at Goldman Sachs and Wellcome Trust, the medical research charity, are preparing an initial public offering of the business for which they joined forces to grow in early 2016.
Others who are also considering offers for IQ are Greystar, the US property company, Mapletree, the Singapore-based real estate investor, and Patrizia, the German real estate firm, these people said. A deadline for initial bids comes before Christmas, and people close to the sale process expected offers to exceed £4bn …
Unite’s Hayes on plans to integrate Liberty – UK
Unite’s £1.4bn takeover of Liberty Living was completed last week, just over six months after the student accommodation giant announced it was in talks to buy the business from Canadian pension business CPPIB.
The scale of the proposed deal triggered an investigation from the Competition and Markets Authority, (CMA) but it was given the green light in early November.
Property Week caught up with Unite group property director Nick Hayes to find out more about what Unite plans to do next.
Why did Unite want to buy Liberty Living?
We’d admired Liberty for a long time. There¹s good overlap between us as businesses and the cities we operate in. Plus it has always been institutionally well regarded, and had high occupancy. We were thinking about where to take the business and invested a lot of capital in setting up Unite¹s structure for growth, so we reached out to CPPIB to see if they would entertain a transaction …
Grainger funds Cardiff PRS scheme for £57m
Granger has announced that it will fund a 307-home PRS development at Capital Quarter in Cardiff …
UK Student Housing Report 2019 – JLL
With rising demand for higher education set to see full time student numbers grow a further half a million by 2030, PBSA has become a lucrative ticket for real estate investment.
Our latest Student Housing Report highlights how investor appetite remains robust due to the sectors defensive, income-producing characteristics, despite a number of challenges including a fall in development pipelines and growing rent affordability concerns …
UPP announces Financial Close on new £43m deal
University Partnerships Programme (UPP), the UK’s leading provider of on-campus residential and academic accommodation infrastructure, has successfully reached financial close on a deal worth £43 million with St Modwen Developments, Swansea University and Swan Global LLP for the acquisition of the freehold of 411 rooms at Bay Campus, where UPP will deliver a full facilities management service.
The deal takes the number of rooms operated by UPP on the Bay Campus to 2,432 and boosts UPP’s portfolio of over 35,000 rooms in operation or under construction through long-term partnerships with 15 leading UK universities.
It comes on the back of a c. £98 million transaction between St Modwen Developments, Swansea University and UPP in February 2018, where UPP acquired two companies from St Modwen Properties PLC to operate 2,021 study bedrooms on the University’s Bay Campus, as well as acquiring a freehold property interest in further accommodation …