Market Monitor Digest (week 32/2024)

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.

August 9, 2024 BONARD Market Monitor team

Student Housing & Co-Living

UK: Student accommodation – a housing crisis help or hindrance?

By Jenny Keen, August 08, 2024

Jenny Keen, planning director at Marron, explores how the UK’s growing demand for student accommodation could help- or hinder- tackling the housing crisis.

Read More (pbctoday.co.uk)

Canada, Ontario: Georgian College Seeks Owen Sound Landlords for New Student Housing Platform

Author unknown, August 08, 2024

Georgian is expanding its partnership with SpacesShared, a technology platform that connects students with older adults living at home to create mutually beneficial sharing living arrangements.

Read More (owensoundcurrent.com)

US: Universities face constraints in efforts to build more graduate student housing, Moody’s says

By Ben Unglesbee, August 08, 2024

Affordable housing is a major need for the cohort, which faces a higher student loan burden. But rising construction costs are slowing projects, according to the ratings agency.

Read More (highereddive.com)

US, College Park: New graduate student housing could help local economy

By Sam Gauntt, August 07, 2024

University of Maryland (UMD) graduate students will have a new housing option when the college’s planned Leonardtown apartments become available near downtown College Park in two years. The 465-unit building, which will be located on the site of the now-demolished Old Leonardtown apartments on the east side of Baltimore Avenue, will offer another housing option for some of the university’s more than 10,000 graduate students. The development is slated for completion in August 2026 and will create a new street, Graduate Way.

Read More (streetcarsuburbs.news)

US, Evansville: New University of Evansville student housing is already fully leased, with new eateries coming

By Tim Jagielo, August 07, 2024

Lincoln Commons is located at Lincoln and Weinbach Avenues, featuring 123 single, double or four-bedroom units for fourth-year and graduate students.

Read More (news.wnin.org)

BTR

Ireland: Irish residential properties REIT seeks up to € 115 MLN for 315 assets

By Branislav Pekic, August 08, 2024

Irish Residential Properties REIT (I-RES) has conducted a Strategic Review that has identified approximately 315 assets for disposal over the next 3-5 years. Ireland’s largest private landlord anticipates generating € 110-115 MLN in proceeds from the sale and plans to reinvest these funds according to its capital allocation strategy.

Read More (propertyeu.info)

Romania: STC Partners to develop € 35 MLN residential complex in Bucharest

By Branislav Pekic, August 08, 2024

Romanian real estate developer STC Partners has acquired a 4,400 m2 plot of land in Bucharest, on which it plans to develop a residential complex. In addition to the € 7.2 MLN paid to the Olaru family for the land, the company plans to invest nearly € 35 MLN to build the Quartier Ferdinand residential complex on 72-78 Ferdinand Boulevard.

Read More (propertyeu.info)

Spain: BServicer Básico and Zittus Management merge into a single rental manager in Spain

By Eje Prime, August 08, 2024

The merger between the management company of the rental division of Básico Real Estate and the company specialized in management, administration and maintenance of homes will add ten portfolios in management and 7,010 homes in Spain. New merger in real estate. BServicer Básico, management company of the rental division of Básico Real Estate and Zittus Management, a company specialized in housing management, administration and maintenance, have formalized their merger to consolidate as a single independent manager of residential for rent in Spain for investment funds.

Read More (ejeprime.com)

Australia: Co-Living Precinct Planned for Brisbane Suburb

By Clare Burnett, August 05, 2024

Plans have been filed for a 32-room co-living project in Brisbane’s Nudgee. The vacant 868sq m site at 70A St Achs Street is zoned for medium-density residential. Eleganza Projects, which specialises in single-home developments, has applied to build four buildings on the site for rooming accommodation.

Read More (theurbandeveloper.com)

Senior Living

France, Saint-Christol-lès-Alès: A new residence designed for the independence of elderly and disabled people

By Louis Valat, August 07, 2024

The residence "Les Jardins de Prosper" in Saint-Christol-lez-Alès, with two houses already in operation, personalized support and an extension project, offers a new model of daily support, the brainchild of Maïté Seraiche.

Read More (lacomarca.net)

France, Bouvron: The Logis de la Petite Forêt residence is being modernized

Author unknown, August 08, 2024

At the dawn of its fiftieth anniversary, the Logis de la Petite Forêt retirement home has just completed major investments and will continue to modernize in the years to come. At the same time, eleven new rooms were built above Pasa, all equipped with suitable sanitary facilities. Today, residents are accommodated in them, whose rooms are being renovated to their standard, refreshed and equipped with toilets and showers. These renovation works will last until 2026 and will affect 63 rooms.

Read More (ouest-france.fr)

France, Moissieu-sur-Dolon: Ibištek, a living space for shared seniors, is renovated

Author unknown, August 07, 2024

Hibiscus is a residence that welcomes elderly people or people with reduced mobility in shared accommodation. After several months of work, the new building was officially opened on Saturday, August 3.

Read More (ledauphine.com)

Netherlands, Wormerveer: A thriving community and well-being at the forefront of Almond Blossom

By Cas Barendregt, August 06, 2024

At Amandelbloesem, a care-friendly residential complex for the elderly in Wormerveer, the apartments, care and neighborhood association are designed to ensure that people can continue to live independently for as long as possible. With a multi-functional community room as a central meeting place and various activities, a lot of attention is paid to well-being and community spirit.

Read More (platform31.nl)

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