Private student accommodation to exceed university provision
The volume of private purpose built student accommodation (PBSA) is set to outstrip that of university-provided accommodation for the first time by the end of next year …
News Articles
Wise Living secures £33m BTR boost
The SDL Group’s build-to-rent (BTR) arm Wise Living has secured a further £33m of funding from investors ICG-Longbow …
‘Unforgivable’ safety failings at Caton Court student accommodation in Lancaster
Councillors have slammed a series of safety issues and failings uncovered at a student accommodation block in Lancaster.
After being contacted by several residents, Labour Lancaster City Councillors for University and Scotforth Ward are labelling the safety risks at Caton Court as ‘unforgivable’.
The councillors referred in particular about an incident which happened on October 5 this year …
First major co-living fund seeking $825m for COLIV venture
Co-living developer The Collective and real estate investment manager DTZ Investors are seeking £650m [$825m] in pledges and plans to invest in six to ten fund to buy and build communal housing projects in London.
The COLIV venture, believed to be the world’s first, aims to make ‘lonely’ renters something of the past and drive them away from sky-high house prices towards more niche, alternative co-living accommodation.
The world’s first major co-living fund, as it was labelled by the two companies, has 70 million pounds of seed capital, and its managers aim to build a portfolio valued at around one billion pounds over its ten-year life, with returns of between eight to ten per cent …
UNITE: New University Partnership with University of Leeds
The Unite Group plc, one of the UK’s leading owners, developers and managers of student accommodation, announces that it has agreed commercial terms with the University of Leeds for a 30-year nominations agreement for its White Rose View development in Leeds.
The agreement covers 559 of the 976 beds in the development, which will open in time for the 2020/21 academic year. Unite has worked in partnership with the University of Leeds to support the scheme through planning and developing its design. The agreement underpins a development yield in line with the Company’s stated targets.
White Rose View is located in Leeds city centre, near to the University of Leeds and Leeds Beckett University. The agreement extends Unite’s existing relationship with the University of Leeds, helping to meet the accommodation needs of its 38,000 students …
The Student Hotel to roll out 2bn euro European investment plan
The Student Hotel has announced the opening of it’s second project in Germany next to the iconic Alexanderplatz …
Unite Students sells on two major assets for £96m – Coventry
Bristol-headquartered Unite Students has disposed of two wholly owned properties in Coventry for £96m.
The UK-wide owner, manager and developer of student accommodation has revealed the properties comprise 1,127 bedrooms for a total of almost £100m.
The properties are being sold to Mapletree Investments Pte Ltd, and have both now been exchanged and completed. The purchase price is in line with book value …
Two student developments sold for £96m: Coventry
Two student developments in Coventry have been sold by Bristol-headquartered accommodation provider Unite for a total of £96m.
Callice Court and Millennium View, which offer 736 and 391 beds respectively, have been sold to Singapore-headquartered Mapletree Investments.
Unite retains a presence in the city through its Gosford Gate and Raglan House properties …
Hines Global Income Trust acquires Glasgow student accommodation development from Bricks Capital
The Hines Global Income Trust (Hines Global) has acquired a 607-bed operational student asset in Glasgow for GBP72 million.
The award-winning true Glasgow West End was named ‘Private Halls of Residence of the Year’ at Property Week’s prestigious Student Accommodation Awards in 2018. The development of true Glasgow West End was completed in 2017 by Bricks Capital, a London-based property development, hospitality and management group. The iconic building currently boasts a 100% occupancy rate.
Located on Kelvinhaugh Street, the development is a 10 minutes’ walk from the University of Glasgow and is within easy reach of all the amenities the West End has to offer as well as the city’s four other higher education institutions; the University of Strathclyde, Glasgow Caledonian University, Glasgow School of Art and the Royal Conservatoire of Scotland …
Student co-living to attract $700M investment in 5 years, says report: India
The student housing segment in India will see an investment of $700 million by 2023.
The student co-living segment is witnessing a rapid growth across all the major markets in the country, and is expected to witness a growth of 36 percent between 2019 to 2023, a report by realty consultant CBRE and the Student Accommodation Provider Association of India (SAPFI) said …