Category: Investment Activity

Singapore-based real estate investment, development and property management company Mapletree Investments has announced its acquisition of 8,192 operational beds across 19 cities in the UK and Germany, and an operating platform from Cuscaden Peak Investments.

The newly acquired portfolio includes a range of student accommodation schemes that offer extensive amenities and convenient access to the local universities. The portfolio has been strategically located in key university cities in the UK such as Bristol, Cambridge, Durham, Edinburgh, Oxford and York, alongside Bremen in Germany.

The operating platform manages two brands – Student Castle and Capitol Students – and provides Mapletree with direct control of the acquired portfolio …

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Round Hill Capital has sold its PBSA business, Nido Living, to the Canada Pension Plan Investment Board (CPP Investments).

Round Hill has also sold its stake in the existing student accommodation venture between both companies, which has more than 5,000 beds across 15 European assets.

CPP Investments has formed a new real estate investment and operating platform focused on PBSA through the acquisition of the joint venture and the full acquisition of Nido Living …

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Greystar has acquired Capital House, a 423-bed purpose-built student accommodation (PBSA) asset.

The asset is strategically located in Southampton, a city characterised by an undersupply of student housing.

Capital House will operate under Greystar’s Canvas brand, with Greystar underwriting renovations to improve under-utilised amenity space.

London, 26 March 2023 – Greystar Real Estate Partners, LLC (“Greystar”), a global leader in the investment, development, and management of high-quality real estate, including rental housing, logistics, and life sciences, has agreed to acquire Capital House from Kier Property Developments Limited and Investec in an off-market opportunity, as part of its ongoing PBSA growth strategy in Europe.

Capital House is ideally located close to Southampton’s two major universities, the University of Southampton and Solent University, and residents benefit from the proximity of the site to the city centre’s major amenities including West Quay Shopping Centre, Southampton Football Club’s St Mary’s Stadium, Southampton Marina and Hoglands Park …

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Hines European Real Estate Partners III and Hines European Value Fund 2 target 650 beds each …

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Privately-owned real estate developer, investor and asset manager – Firethorn Trust – has announced that under its Living platform, it has purchased a purpose-built student accommodation (PBSA) site in Leith, Edinburgh.

Forming part of the Leith Walk regeneration scheme promoted by Calder Weir Properties, part of the site was purchased with planning permission to create a PBSA block and three commercial units.

Firethorn will develop the six-storey building that will include 230 student beds and residential amenities including a fully equipped gym, modern study spaces and student common rooms. Work on site is expected to start in the summer, with completion due in 2026/27 …

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EQT Exeter announces first investment in the French residential student market with the acquisition of two student-housing assets totalling 430 studio units. The two assets are on-track to be completed in 2025 and will offer best-in-class amenities including study areas, gyms, co-working spaces and roof terraces as well as excellent sustainability credentials which will set a new benchmark for product quality …

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Subsidiary of Trinova Real Estate – Tribell – has acquired the Kirby Street Residence, a PBSA scheme in London on behalf of STARS REI. The seller LUCKY DELTA is a Hong Kong based consortium and CBRE acted on behalf of the company.

Kirby St Residence comprises 128 large studio room. Amenities includes a common room, office, outdoor courtyards, bike storage and additional commercially leased space. The development boasts stunning views of the Shard, St Pauls Cathedral, and the City of London from the upper floors …

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The acquisition is also seen as an opportunity for Opago to revive and build upon the legacy of a business which it described as “once standing out as a beacon in the intersection of the short-term rental and purpose-built student accommodation [PBSA] markets”.

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