Market Monitor Digest (week 42/2024)
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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.
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.
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).
Ireland, Galway: €7 M possible Galway student accommodation could hold nearly 300 people
By GalwayBeo, October 15, 2024
A 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.
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.
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.
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.
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.
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.
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.
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".
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.
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