Unite Student’s Net Zero Carbon Pathway
Unite’s net zero carbon pathway sets out how they will achieve this and play their part in the fight against climate change …
abrdn launches purpose-built student accommodation platform
abrdn has today launched a purpose-built student accommodation (PBSA) platform – MYS Student Living. This is a natural evolution as abrdn further expands its capabilities as one of the largest residential fund managers in Europe, with more than 200 residential properties across 11 countries.
Welcome to dot.
Welcome to The Dot Group, our unique family of market-leading businesses founded by CEO Nicholas Porter, focused on transforming student living by shaping a better future and creating sustainable value for generations to come …
New student accommodation supply not keeping pace with student numbers
More than 560,000 new undergraduate students have been placed into UK universities or colleges for the 2022-23 academic cycle, according to data from UCAS, up slightly year-on-year and 4% higher than the comparable pre-pandemic period in 2019 when grades were not teacher assessed. Acceptances have increased by 14% over the last ten years …
Way of Life launches third-party management service
BTR platform Way of Life, which provides bespoke residential lettings and management to Long Harbour’s portfolio of BTR investments, is launching a third-party management service to the market.
Way of Life says it has identified a gap in the BTR market for developers who are looking for a hospitality-led management firm with marketing and lettings capability, plus the digital infrastructure to create best in class resident experiences.
“Through understanding the needs of residents and creating community-led buildings, Way of Life’s digital platform is one of the first BTR platforms to offer functionality that completely automates the customer journey. This is from viewings to reservations and ensures that quality leads are always recorded and followed up,” the company says …
M&G launches fund with €578m investment
M&G Real Estate expands its residential capability and European property fund range with the launch of the M&G European Living Property Fund (The Fund), building on its market-leading £1.3bn/€1.5bn UK Living strategy (as of 30 September 2022).
The Fund aims to provide institutional investors with attractive risk adjusted returns through investment into Europe’s residential sectors – including Build to Rent, single-family rentals, student housing and retirement living.
The Fund has launched with €400m of investment from long standing client, MN – one of the largest pension administrators and asset managers of Dutch pension funds – which is diversifying and internationalising its residential exposure, and €178m from an M&G internal client fund which is upweighting to alternatives in Europe. Commenting on MN’s investment in the M&G European Living Property Fund, M&G Real Estate’s Portfolio Manager highlights its aim to secure long-term returns for its clients …
The new student houses in Vilnius and Riga offer what is relatively unusual in Lithuania and Latvia
Vilnius and Riga are like Paris, London, or Berlin. That’s the words that perfectly describe “SHED Co-living”, a student house that recently opened its doors in the capitals of Lithuania and Latvia. The new student houses are not only a great alternative to the old dormitories that are increasingly falling short of expectations but also to the privately rented accommodation.
“SHED Co-living“ is a type of student housing that is quite common in some countries, but still relatively new in Lithuania or Latvia. It is designed so that the residents not only would have a roof over their heads, but also an opportunity to fully develop and grow as a persons …
VITA STUDENT BRANCHES OUT WITH NEW INDIA OFFICE
Vita Student has opened its first office in India as the business continues to increase its student recruitment across the country.
Vita Group’s flagship Vita Student brand has long been present in India and following a surge in demand from Indian students, the business has invested in the next phase of its brand development in India.
It has formally opened an entity and is recruiting a team on the ground …
European investment volume reaches record €11.7bn
The total European investment volume for purpose-built student accommodation (PBSA) has reached €11.7bn in the first three quarters of 2022 – a 130% increase on the same period in 2021, and a record high according to Savills.
The strong growth in international students who heavily rely on PBSA and the rising number of students attending university is driving investor interest in the sector. Savills expects this growth to continue over the coming years, as the number of young people in Europe (15–19-year-olds) is forecast to rise by 5.8% by 2027. Prague has the highest forecast growth of the European countries surveyed in this age category – with an expected annual increase of 5.7%.
At the same time, many European markets have a significant undersupply of PBSA, which is driving strong rental growth. The average provision rate – the total number of beds divided by the total number of students – across European cities is currently 12.5%, down from last year’s 13% figure. Prague’s current provision rate stands at 24% and hasn’t changed since last year. It remains above the European average …
Collegiate completes onboarding of Arlington portfolio
National student accommodation provider Collegiate AC UK (Collegiate) completes the onboarding of the Arlington portfolio, with the final two properties in Chester coming under its management.
Over the past two years, Collegiate UK has been onboarding the 34 Arlington-owned properties to expand its delivery of student experience to the purpose-built student accommodation (PBSA) market.
Collegiate is a UK-based provider of student accommodation, providing homes to over 10,500 students in cities across the UK. They offer amenities including gyms and games and TV rooms, as well as open shared living spaces. Collegiate aims to generate consistency and strong customer service and satisfaction across all residences, and has gained ratings of ‘Good’ or ‘Very Good’ from a high percentage of Collegiate UK residents in national student surveys …