Market Monitor Digest (week 34/2024)

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 23, 2024 BONARD Market Monitor team

Student Housing & Co-Living

UK and Singapore: Far East Orchard establishes £70M private fund for UK student accommodation

By Yong Jun Yuan, August 22, 2024

FAR East Orchard has established its first private fund in Singapore, and completed its first closing of £70 million (S$120.1 million) on Thursday (Aug 22). The company announced that the fund, called the FE UK Student Accommodation Development Fund, will invest in purpose-built student accommodation (PBSA) development opportunities in the United Kingdom. The fund has a target aggregate commitment of £100 million.

Read More (businesstimes.com.sg)

UK, Belfast: Elkstone announces plans for 870-bedroom student scheme in Belfast

By Anandita Malhotra, August 20, 2024

With over 85,000 students enrolled across Queen’s University BelfastUlster University and Belfast Metropolitan College, the scheme will aim to address the growing demand for student accommodation.

Read More (propertyweek.com)

US, Richmond: Pinecrest Delivers 509-Bed Student Housing Development Near VCU in Richmond

Author unknown, August 20, 2024

Pinecrest has delivered Parc View at Commonwealth, a 509-bed student housing development located pedestrian to the Virginia Commonwealth University (VCU) campus in Richmond

Read More (rebusinessonline.com)

Canada, New Brunswick: Government investing $4M to create more on-campus student housing

Author unknown, August 21, 2024

The provincial government is investing more than $4M to support the creation of more student housing at Mount Allison University

Read More (educationnewscanada.com)

Belgium, Antwerp: 250 new student rooms coming next to KDG University College in Antwerp South: "Good news because there is a shortage"

By Lisa Ceuppens, August 19, 2024

In the South in Antwerp, there will be 250 new student rooms, right next to the campus of the Karel de Grote Hogeschool.

Read More (vrt.be)

BTR

Spain: DWS is looking for a buyer for 235 homes for rent in Madrid

By EjePrime, August 21, 2024

The DWS manager, controlled by Deutsche Bank, has put up for sale a package of 235 homes for rent located in the Ensanche de Vallecas, near the "Las Suertes" metro station and 15 minutes from the center of Madrid. Currently, more than two-thirds of these apartments are occupied. According to Expansión, the promotion for sale includes 235 homes with one to three bedrooms. In addition, it has a communal pool, green areas, children's area, both indoor and outdoor gym, and a decoworking space equipped with computer stalls, booths for phone calls and a kitchen.

Read More (ejeprime.com)

UK: Wavensmere Homes submits plans for £150M resi-led development

By Anandita Malhotra, August 21, 2024

Birmingham-based urban regeneration specialist Wavensmere Homes has submitted a full planning application to City of Wolverhampton Council for the proposed £150 M residential-led Canalside South development. Canalside South will comprise 60 co-living beds plus 523 additional houses and apartments. The 17.5-acre former industrial site is located within the city centre, nearby the transport interchange, and benefits from frontage onto the Wyrley & Essington Canal and the Wolverhampton Branch of the Birmingham Main Line Canal.

Read More (propertyweek.com)

Germany: Fokus Wohnen divests four residential properties for €103M

By Branislav Pekic, August 22, 2024

German real estate fund Fokus Wohnen Deutschland has sold four residential properties in Germany to an institutional investor for € 103M. The properties are located in Braunschweig, Dietzenbach, Hanover, and Dortmund and consist of 318 residential and five commercial units.

Read More (propertyeu.info)

Romania: Bellemonde secures €21M from Libra Bank for Bucharest resi project

By Branislav Pekic, August 22, 2024

Romanian real estate developer Bellemonde Development has secured € 21M loan from Libra Internet Bank for a new residential project in northern Bucharest. The project will feature 164 housing units, including a variety of options such as individual houses, duplexes, townhouses, and villas with two, three, and four-bedroom apartments.

Read More (propertyeu.info)

Senior Living

France, Fontaine-sur-Somme: Around twenty social housing units will be built in Fontaine-sur-Somme to meet the needs

By Francisco Carrasco, August 23, 2024

Fontaine-sur-Somme will welcome 17 to 19 social housing units from mid-2025 to meet the urgent need for housing for young people and the elderly. Project funded by Baie de Somme Habitat.

Read More (temucodiario.cl)

Sweden, Tollarp: Kungsvägen retirement home in Tollarp

Author unknown, August 20, 2024

In November, we will open a new retirement home on Kungsvägen in Tollarp. The accommodation replaces Almgården and Lindåsa retirement homes. Kungsvägen's nursing home will have 46 places, 18 of which are dedicated to dementia. Eight cities will form a special department. The new accommodation is located on the land where Almgården used to live.

Read More (kristianstad.se)

Netherlands, Milsbeek: The sustainable care complex in Milsbeek offers older people space and independence

By Cas Barendregt, August 22, 2024

Milsbeek has a unique residential care complex that perfectly combines sustainability and care for the elderly on a small scale. Developed by Het Andere Wonen, this project offers the elderly an independent living environment with 24/7 care at their fingertips. The Milsbeek branch consists of 18 clustered residential apartments, 10 of which are social rent and 8 low-medium rent, a shop and a community room.

Read More (platform31.nl)

Netherlands, Geldermalsen: The gas station will make room for 48 rental apartments for beginners and seniors

Author unknown, August 22, 2024

The DJ from Wijkstraat 9-11 and 15 and 15A in Geldermalsen is changing. The site now includes a gas station with outbuildings. This resulted in 48 rental apartments with low to medium rent for one to two person households. Construction is expected to begin in early 2025.

Read More (ronddelinge.nl)

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