Market Monitor Digest (week 36/2024)
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.
Student Housing & Co-Living
France, La Rochelle: La Rochelle: 188 youth and student housing units under construction
Author unknown, September 05, 2024
While La Rochelle is not spared by the student housing crisis in France, far from it, solutions are being put in place to promote the reception and accommodation of young people. Yesterday, the foundation stone was laid for a project to create 188 housing units for students and young workers.
Germany, Berlin: 100 new student apartments are being built in Reinickendorf
Author unknown, September 05, 2024
In Reinickendorf, the starting signal has been given for the construction of a total of 103 new apartments.
Ireland, Galway: 345-bed Galway City student accommodation backed by Ireland Strategic Investment Fund
By Ciara O'Brien, September 05, 2024
Investment firm Elkstone is to develop a new 345-bed purpose-built student accommodation facility for Galway City in partnership with property investment management company Harrison Street.
UK, Bristol: Watkin Jones tops out on 260-bed PBSA development at Gas Lane
Author unknown, September 05, 2024
Watkin Jones, the UK's leading developer and manager of residential for rent, is pleased to announce that the Group has recently topped out on a 260-bed Purpose Built Student Accommodation (‘PBSA’) development at Gas Lane in Bristol. This commemorative event signals that the concrete framework is now complete. This is a significant milestone for all parties, including Watkin Jones, Hines, acquiring on behalf of the Hines European Property Partners Fund (‘HEPP’), Bristol City Council and the subcontractors.
UK, Manchester: Salford agrees first co-living scheme of 568 self-contained studio apartments
By Neil Hodgson, September 05, 2024
The city’s first co-living scheme, comprising 568 self-contained studio apartments, has been approved by Salford Council. Progressive Living Developments will bring forward the scheme, at Gorton Street, to be known as Enclave Salford.
BTR
Spain: Aviva Investors acquires a plot in Palma to develop 331 'build to rent' (BTR) homes
By EjePrime, September 04, 2024
The British fund Avivas Investment, Aviva's global asset management division, has closed the purchase with Layetana Living of a plot in Palma de Mallorca to develop its fourth promotion in Spain. The new project, located in the district of Nou Llevant, east of Palma, contemplates the construction of 331 homes with one, two and three bedrooms. With this acquisition, Aviva Investors has exceeded 720 homes financed in Spain. Internationally, the company also has a platform of 1,200 single-family homes in the United Kingdom.
UK: John Lewis submits plans for 215 BTR flats in Reading
By Alan Bunce, September 04, 2024
John Lewis Partnership’s (JLP) £80 MLN plans for Build-to-Rent (BTR) homes in Reading have been submitted to the council. JLP plans to redevelop its former distribution warehouse off Mill Lane into 215 energy-efficient flats with 6,000 sq ft of amenity space which will include two gardens.
UK: IKB and Marick get greenlight for mix-use Bristol Temple Meads scheme
By Ciaran Nerval, September 05, 2024
Full planning permission has been granted for a large construction project consisting of apartments, a hotel and an aparthotel. The site known as ‘Plot 3′ at Temple Quay on the Temple Meads side of the Cheesegrater Bridge is valued at £70 MLN. Designed by architects Sheppard Robson, the scheme includes the construction of three new buildings comprised of a 234-room hotel operated by Dalata Maldron, a 170-room extended stay aparthotel by Room2 and more than 100 build-to-rent (BTR) flats by the abrdn investments.
UK: Salford agrees first co-living scheme of 568 self-contained studio apartments
By Neil Hodgson, September 05, 2024
The city’s first co-living scheme, comprising 568 self-contained studio apartments, has been approved by Salford Council. Progressive Living Developments will bring forward the scheme, at Gorton Street, to be known as Enclave Salford.
Senior Living
France: The new Residence Services Seniors Espace et Vie in Agen opens on September 9
By Capgris, September 04, 2024
September 9, 2024 marks an important date for seniors in Agen and the surrounding area with the opening of the last senior service residence of the Espace et Vie group. Located at 12 boulevard de la Liberté, this new residence is distinguished by its pleasant living environment and its many services designed to promote the well-being of residents. For seniors looking for a place to live where comfort, safety, and conviviality are the watchwords, this residence represents a real opportunity.
Spain: Vimcorsa delivers the keys to the 23 apartments for the elderly
By Jose Antonio Alba, September 03, 2024
Finishing the works on the old Felix Ortega nursery school, on Don Rodrigo Street, the City Council has handed over the keys to the 23 social inclusion housing for the elderly. Financed 80% with European funds and 20% municipal contribution, the total investment has been 1.3 million euros on an area of more than 2,000 square meters.
Spain: La Laguna gives two plots to ICAVI to build 61 homes for people over 65
By Bela Cabrera, August 30, 2024
The city council has ceded to the Canary Islands Housing Institute (ICAVI) plots 12 and 13 of the Geneto 5 Partial Plan, whose surface is 1,840.88 and 507 square meters.
US: WinnDevelopment Begins Construction on $51 MLN Redevelopment of Historic Property for Senior Housing in Worcester
By Boston Real Estate Times, September 04, 2024
WinnCompanies announced that work has begun on the Residences on Lincoln Square, a $51 MLN project to transform the historic Worcester Boys Club building and property into 80 affordable apartment homes for adults 55 and older. The WinnDevelopment effort will employ adaptive reuse techniques to preserve and renovate the 94-year-old building as 16 apartment homes and a variety of community spaces, while erecting a new five-story apartment building alongside it to house 64 new apartments. The two buildings will be connected on the ground floor by a single-story glass walkway.
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