Market Monitor Digest (week 42/2024)

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October 18, 2024 BONARD Market Monitor team

Student Housing & Co-Living

UK, Bristol and London: GSA secures £110 million NatWest loan to develop three London and Bristol PBSA schemes 

By Property Week, October 15, 2024 

GSA secures funding for Unity Street and Print Hall schemes on the edge of Bristol’s city centre, and The Curve in Aldgate East, London.

Read More (propertyweek.com)

Australia and Singapore: Future Fund-backed Greystar to buy GIC’s $1.6 billion student digs business 

By Commercial Real Estate, October 15, 2024

Singapore’s sovereign wealth fund GIC has ruled off a major coup on Australian shores, agreeing terms to sell its student accommodation business for a $1.6 billion gross price – or about three times the $568 million it spent on securing the investment from Singapore-listed real estate investment firm Wee Hur Holdings in 2022.

Read More (commercialrealestate.com.au)

France, Paris: Nearly 450 new social and student housing units on the former site of the Télécom ParisTech school 

By Paris.fr, October 15, 2024 

Restructured over three years, this site in the 13th arrondissement now houses nearly 350 student residences, a hundred social housing units and the premises of the National Institute for Research in Computer Science and Automation (Inria).

Read More (paris.fr)

Ireland, Galway: €7 M possible Galway student accommodation could hold nearly 300 people 

By GalwayBeo, October 15, 2024

Galway city site with planning approval for hundreds of beds of student accommodation, a gym and retail complex has been placed on the market for €7.2 million.

Read More (galwaybeo.ie)

France, Toulouse: Toulouse inaugurates its Cité internationale: a unique hub in France for research and student accommodation

By Entreprises-occitanie.com, October 15, 2024

The site is structured around three buildings containing 383 units for short- or long-term accommodation.

Read More (entreprises-occitanie.com)

BTR

Spain: Illa's housing plan starts with plots to build 20,000 public rental apartments

By Elpais,  October 15, 2024

The Catalan Executive has approved this Tuesday the announced Plan of Urgent Measures to Increase the supply of protected housing. The goal is to increase the public rental stock by 50,000 apartments by 2030, with an investment of € 4.4 BLN this legislature, President Salvador Illa revealed during the last general policy debate. The Minister of Territory and Housing, Sílvia Paneque, has detailed that the plan starts from an availability of "plots ready to build 20,000 apartments," a figure that the Government is in a position to announce because they are land that have been processed by the administrations themselves.

Read More (elpais.com)

Australia: Urban property group reveals 800-home BTR towers

By The urban developer, October 14, 2024

Urban Property Group will expand its BTR project at Parramatta, more than doubling the number of homes, after the plan was selected for fast-tracking by the NSW Government. The new plan will deliver two BTR towers with approximately 800 homes, including affordable housing and NDIS-compliant apartments.

Read More (theurbandeveloper.com)

UK: Lendlease and NSKRE partner on $500MLN BTR project

By Inside Construction, October 15, 2024

Lendlease and Nippon Steel Kowa Real Estate (NSKRE) have announced their first-ever partnership to deliver a waterfront BTR apartment development at 899 Collins Street, Docklands, with an estimated end value of around $500 MLN.

Read More (insideconstruction.com.au)

Germany, Denmark: Matter Real Estate and GCM Grosvenor invest in Germany and Denmark

By Property EU,  October 15, 2024

Matter Real Estate, a London-based real estate investment firm, with support from one of its investors, GCM Grosvenor, had inked an initial investment in residential development platform 15 Degree in Germany as well as further investment into the Velkomn platform in Denmark. Matter, with the support of various GCM Grosvenor funds, will commit to new projects totalling over €500 MLNacross both companies, with the goal of developing a 2,000-unit portfolio across two of Europe’s strongest residential markets.

Read More (propertyeu.info)

Senior Living

US: Delaware Senior Housing Community Sells for $45 MLN

By Multi-housing news, October 15, 2024

HarborChase of Wilmington, a luxury 96-unit assisted living and memory care community in Wilmington, Del., has sold for $45 MLN. Open since 2018, the Class A property consists of 64 assisted living units in one- and two-bedroom layouts and 32 memory care units.

Read More (multihousingnews.com)

Italy: The construction site also starts in Sant'Agnese: 2.8 MLN to build 12 home seting apartments for the elderly, fragile and people with disabilities

By Citta Di Rieti, October 11, 2024

The construction site also starts in Sant'Agnese. 8 MLN to build 12 home seting apartments for the elderly, fragile and people with disabilities. Sinibaldi-Chiarinelli: "fast in the implementation of the PNRR".

Read More (comune.rieti.it)

Spain: The Community of Madrid will replicate the Vive Housing Plan for the construction of 40 senior residences that will add up to 6,000 places

By Xm2 News, October 15, 2024

The Community of Madrid will replicate the Vive Housing Plan for the construction of 40 senior residences that will add up to 6,000 places. This project will have an investment of almost €500 MLNand will generate 5,600 direct jobs, as announced yesterday during the celebration of the conference "The future of senior residences", organized by the Building Cluster and ASPRIMA.

Read More (xm2news.com)

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