Year: 2018

Temprano Capital Partners, in a joint venture with CPA®:18 – Global and Helena Rivero, has acquired a prime, city centre student accommodation development site in Seville for the Temprano Student Living (TSL) portfolio.

TSL is currently developing five projects in Spain and three in Portugal, together with the residence in Marques de Pombal, Lisbon, that was inaugurated in January this year. The TSL programme now amounts to 3,500 beds in Iberia.

The City of Seville has over 80,000 full time students, approximately 4 per cent of which are from outside of Spain, a percentage that is increasing annually, given the popularity of interchange programmes such as Erasmus and European funding initiatives …

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The private sector now makes up over half of all student accommodation if on-campus partnership bed spaces are counted as ‘private sector’ beds, according to data from Cushman & Wakefield released at Property Week’s Student Accommodation Conference.

The report states that reveals the private sector has grown 130% in four years and now controls over half of all supply in the market. This is a significant change from 2014 when universities provided two-thirds of all beds in the UK. In addition, the private sector delivered 77% of all new beds in 2018 …

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Berlin-based co-living company Medici Living has raised €1B to undertake the largest investment in the nascent sector anywhere in the world so far.

Medici has teamed up with Frankfurt-listed investment manager Corestate Capital to deploy €1B of equity and debt over the next three to five years to buy and develop 35 co-living facilities comprising up to 6,000 units across Europe. The facilities will be operated under Medici’s Quarters brand.

In addition to Medici’s current European target markets of Germany, the U.K. and the Netherlands, the new investment program will focus on Austria, Switzerland, Spain and Poland. The focus will be on cities with populations greater than 500,000, and properties — existing as well as new-build — with an investment volume of between €20M and €60M …

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There is a danger, with Brexit approaching, that we let uncertainty cloud our judgement on which property investments are performing well. But a worse approach is to allow doomsayers to obscure the positives in the UK market.

In the purpose-built student accommodation sector, we have seen continued activity, with developers and investors continually finding creative solutions to unlock untapped potential in new areas –in terms of successful new locations and improving their supply-chain.

While we may see a dip in the number of students from the European Union post-Brexit, it’s worth noting that these students have historically made up less than half of the non-UK student population …

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Build-to-rent developer Get Living has secured planning consent from Glasgow City Council to develop a 7.5 acre site in the city into Scotland’s largest ever BTR-led scheme.

Get Living plans to invest £200m in the scheme which will feature 727 new BTR homes, a new public square, 99 student studios and more than 36,220 sq ft of retail and leisure …

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Round Hill Capital and NBK Capital have acquired a 1 acre site with planning permission in Cork to mark the first investment of its Irish student accommodation-focused joint venture.

The development site is located close to the city centre, at Farranlea Road, and has a gross development cost of €19m (£16.9m) that will deliver 145 purpose-built student accommodation (PBSA) beds and facilities. Located close to University College Cork and Cork Institute of Technology, the completed building will be operated by Nido Student, Round Hill’s operational platform and brand for European student accommodation …

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TPG Real Estate, the dedicated real estate platform of global alternative asset firm TPG, and Round Hill Capital (“Round Hill”), a leading real estate investment, development and asset management firm, today announce that they have acquired, through a new joint venture (the “Joint Venture”), a site comprising approximately 39,000 sqm of buildable area in central Lisbon, Portugal. TPG Real Estate and Round Hill intend to develop high-quality, purpose-built student accommodation and residential apartments on the site. Financial terms of the transaction were not disclosed.

The acquisition marks TPG Real Estate and Round Hill’s first joint transaction in Portugal, a country which exhibits positive investment fundamentals, a housing demand/supply imbalance, and robust economic performance. TPG Real Estate and Round Hill have been evaluating the real estate market in Portugal for several years and are continuing to target further investments in Portugal, in line with the Joint Venture’s investment strategy.

Situated at Campo Pequeno in central Lisbon, the development will provide 390 purpose-built student accommodation beds and up to 250 residential apartments. The plans also provide for dedicated amenities and common areas for the students, as well as shared commercial space for all residents. Campo Pequeno is an established residential area that benefits from extensive neighbouring facilities and excellent transport links. The site is a short walk to the University of Lisbon central campus and other local universities, colleges and business schools, with easy access to the city’s historic centre and Lisbon Airport …

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Purpose-built student accommodation provider, Dwell Student Living, has continued its expansion into Australia, with the opening of a $45.5 million property in Adelaide aimed at tapping into South Australia’s growing international education industry.

The property named Dwell Est End Adelaide opened in early November, and it aims to take advantage of the city’s shortage in purpose-built student housing options and provide tailored services to students.

“With most of the international student population based in Adelaide, purpose-built student accommodation remains undersupplied in the city, as only 1,128 beds will be delivered in 2018, with a similar amount planned for 2019 as well,” a Dwell spokesperson said …

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Round Hill Capital and NBK Capital have acquired a 1 acre site with planning permission in Cork to mark the first investment of its Irish student accommodation-focused joint venture.

The development site is located close to the city centre, at Farranlea Road, and has a gross development cost of €19m (£16.9m) that will deliver 145 purpose-built student accommodation (PBSA) beds and facilities. Located close to University College Cork and Cork Institute of Technology, the completed building will be operated by Nido Student, Round Hill’s operational platform and brand for European student accommodation …

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