Apeiron sells Stratford student accommodation site: London

August 19th 2019 - Posted by

Apeiron Capital Limited (Apeiron) has sold its student accommodation asset, Poland House, in Stratford to a programmatic venture managed by Curlew Capital that is exclusive to clients of CBRE Global Investment Partners (CBRE GIP).

The sale price has not been disclosed.

The site, which was acquired by Apeiron in 2015, incorporates a 100-bed student housing asset and an adjoining vacant property (part of the former Three Mills East Filling Station) suitable for redevelopment. Demand for London student accommodation remains strong and the property has been let continuously at 100% year-on-year …

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Unite acquires new development site in Nottingham

August 12th 2019 - Posted by

The Unite Group plc, one of the UK’s leading owners, managers and developers of student accommodation, announces that it has exchanged contracts to acquire a new 620-bed development site in Nottingham.

The direct let development, which is subject to planning consent, will open in time for the 2022/23 academic year. Total development costs are estimated to be £48 million, delivering a development yield in line with the Company’s stated targets.

Nottingham is home to two leading Universities and the development will increase Unite’s presence in the city, enabling it to deliver operational efficiencies. The new site will form part of the Company’s ongoing target of maintaining a development pipeline of c.2,000 beds a year and will be funded from internally generated sources …

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Respublica ready to go with co-living project in London

May 10th 2019 - Posted by

New co-living developer Respublica has revealed plans for its first, mixed-use development, in Camberwell, Southwark.

The 300-unit scheme will offer rooms of 215 sq ft to 375 sq ft, more than twice the size of rooms in London’s first co-living scheme, The Collective’s Old Oak development, which measure 108 sq ft.

Aside from co-living, more than 20,000 sq ft over two floors will be assigned to co-working. The scheme will also feature a gym, restaurants and cultural attractions such as an art studio.

Respublica co-founder and chief executive Ravi Sharma described the scheme, which is at the pre-planning stage, as a cross between a boutique hotel and a private members’ club …

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L&G launches £2bn business combining retirement living with children’s nurseries

May 9th 2019 - Posted by

Legal & General is expanding its retirement living business with the launch of Guild Living, a new brand focused on city centres that will build children’s nurseries with later living alongside.

Under the plans, L&G will build 3,000 new homes over the next five years with a gross development value of around £2bn …

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Westfield set for £670m PRS scheme: London

March 18th 2019 - Posted by

Unibail-Rodamco-Westfield has joined forces with Canada’s PSP Investments and QuadReal Property Group to build one of London’s largest private rented sector (PRS) schemes next to the Westfield shopping centre in Stratford.

The venture, known as the Cherry Park Partnership, will develop and manage the €750m (£670m) residential scheme over the next four years …

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Syllabus and Invesco to invest €250m in student housing: Spain

March 14th 2019 - Posted by

Urbania International, through its subsidiary Syllabus, and Invesco Real Estate, have reached an agreement to jointly develop one of the largest investment platforms in student residences in Spain. Urbania’s goal is to strengthen its position in the country and continue opening up the market in the main university cities. The initial investment will be €250m. The agreement includes the immediate incorporation into the platform of four of the projects that Syllabus by Urbania already has underway in Spain, in the cities of Madrid (2), Valencia and Malaga. With these projects and six more, also in development, which will be incorporated in the upcoming months, the platform will initially have a portfolio of 2,000 rooms. Soon, it is planned to increase that figure to 3,500 rooms in university cities in Spain and Portugal …

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“Victoria Hall engaged TigerLime to conduct a full operational review of one of our student accommodation halls in the North West. We look forward to developing our relationship with TigerLime further and working again together.”

Patrick Cox (Investment Director), Victoria Hall