Market Monitor Digest (week 03/2025)
It's our pleasure to be your go-to for the week’s key industry news. Thanks to the information collected by the BONARD Market Monitor team, you can now keep your finger on the industry pulse.
Student Housing & Co-Living
Canada: Forum Asset Management's REIIF Completes Acquisition of Alignvest Student Housing REIT, Solidifying Leadership in Canadian Purpose-Built Student Accommodations
By Forum/REIIF, January 13, 2025
Forum Asset Management (“Forum“) is pleased to announce that on December 18, 2024, its Real Estate Income and Impact Fund (“REIIF“) successfully completed the acquisition of the assets of Alignvest Student Housing Real Estate Investment Trust (“ASH REIT“), growing REIIF’s gross asset value to over $2.4 billion. This strategic acquisition positions REIIF and Forum as the leading owner and developer of PBSA in Canada. Forum extends its gratitude to the advisors who played pivotal roles in this transaction, including Fasken, BLG, CBRE, KPMG, PwC, Grant Thornton, and Bonard.
UK, Bristol: New plans for 549 student beds
By B24/7, January 14, 2025
A planning committee refused previous proposals to redevelop Premier Business Park in St Philip’s, in June 2024, which would have housed 705 students. These plans have now been scaled back to 549 beds in a block rising from three to nine storeys.
UK, Leeds: Nido Living launches The Fabric Works PBSA in Leeds
By PBSA news, January 13, 2025
Award-winning operator Nido Living has launched The Fabric Works – a new 402-bedroom purpose-built student accommodation (PBSA) scheme in Leeds on behalf of joint venture partners I.G and Primus.
UK, London: MDPL Group and CityInc secure planning for Woolwich PBSA
By PBSA news, January 16, 2025
MDPL Group and CityInc have secured planning approval for a new purpose-built student accommodation (PBSA) development in Woolwich, south east London. The scheme will deliver 332 student beds with half affordable in a 17-storey building. The project is set to enter the development stage, with completion anticipated in 2027. The project team also includes Santec, Studio Moren, Studio Bosk, Applied Energy and Meinhardt.
Poland, Warsaw and Wroclaw: Xior expands in Poland with two new student residences
By Xior, January 16, 2025
Xior announces to strengthen its position in Poland through the planned acquisition of 2 prime and operational student residences in Wroclaw and Warsaw. This will allow Xior to expand its portfolio by approx. 900 beds at once, resulting in a total of approx. 3,600 beds in Poland.
BTR
Spain: Dazia Capital and Aermont Capital create Calido, a new 'flex living' brand
By Eje Prime, January 16, 2025
There will be four complexes in locations in the Community of Madrid: Alcobendas, Tres Cantos, Las Tablas and Valdebebas (Madrid), a total of 1,250 apartments with an investment volume that reaches 165 MLN €. All of them are connected by public transport, and offer short and medium stay rentals in furnished apartments with all supplies included. The first opening of Calido will be that of Alcobendas in March 2025, in a complex of 291 apartments, including studios and one-bedroom apartments, as well as common areas.
UK: Pluto funds Midlands BTR with £27.5 MLN
By Development Finance, January 15, 2025
Pluto Finance has provided a £27.5 MLN senior loan for a prime build to rent (BTR) scheme in the Midlands. The development is being delivered by an unnamed investment manager with legal aspects of the transaction handled by Forsters LLP, represented by Rowena Marshall and Helen Bravery.
Australia: CEFC commits A $100 MLN to new AXA IM Alts Australia housing strategy
By IPE Real Assets, January 16, 2024
Australia’s Clean Energy Finance Corporation (CEFC) has invested A $100 MLN (€60 MLN) in a new affordable build-to-rent (BTR) strategy in Australia managed by AXA IM Alts. The strategy is initially targeting up to 3,000 apartments, at least half of which will be offered at a discount to equivalent market rents for means tested tenants, in key worker employment hubs in Australia’s major metropolitan cities. The first investment is a 397-unit residential development in Westmead, in Sydney’s West and is expected to be completd this year.
Germany: 460 affordable apartments planned in Bochum
By Radio Bochum, January 14, 2025
In 2024, the city of Bochum approved funding of a total of 78 MLN € for social housing - a record value that is far above the original budget. Due to the fact that other cities had not used their funds, the city of Bochum now has more available - a total of 52 MLN € more than originally planned. With these funds, about 460 social apartments are to be created.
Senior Living
Germany: Apartments for seniors and new market hall: Birkenfeld has big plans
By PZ News January 13, 2025
Birkenfeld Not only show dance, sparkling wine and appetizers, but also a well-founded balance sheet of the local political events was given at the Birkenfeld New Year's reception. On Sunday, the community had invited the population to the Black Forest Hall, the focus was on the New Year's address of Mayor Martin Steiner.
Germany: Renovation of the Luckenwald Castle: day care and senior flatshare planned
By MAZ, January 14, 2025
Living and living in old age: With the renovation of the Burg residential district, new care services are being created for older people.
Canada: Former Moncton office building to be transformed into senior housing
By Atlantic CTV News, January 09, 2025
The 30,000 square-foot three-storey building was purchased for $3.3 million and another $4.5 million or so will be needed for renovations, Hicks said. All three levels of government are funding the roughly $8 million project.
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