The Market Monitor Digest (week 05/2024)
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
Ireland, Dublin: Hines student accommodation leases in Dublin jump to 51 weeks, increasing rent by €3,000
By Ian Curran, January 31, 2024
One of the biggest private student landlords in Dublin is increasing lease lengths for the 2024/25 academic year, meaning they will now have to sign up for a 51-week tenancy, some 10 weeks longer than the typical lease for this year.
UK, Norwich: Joy over plans for rebuild of Nelson Hotel site in Norwich
By William Warnes, January 31, 2024
The proposals would see the site - which consists of the hotel, the Nelson Table restaurant and several unused commercial units - demolished and replaced with a larger Premier Inn, new homes and purpose-built accommodation for students.
UK, Glasgow: New development plans announced for O2 ABC building on Sauchiehall Street
By Liam Smillie, January 30, 2024
Vita Group have announced their plans for the historic O2 ABC building on Sauchiehall Street - and now seek the thoughts of Glaswegians on their proposed use.
UK, Wolverhampton: Go-ahead for student flats above betting shop in Wolverhampton city centre
By Joe Sweeney, January 30, 2024
Vacant floorspace above a betting shop in Wolverhampton city centre is to be converted into accommodation exclusively for students, planners have agreed.
UK, Liverpool: Liverpool approves McLaren’s Myrtle Street student scheme
By Dan Whelan, January 30, 2024
Designed by Cartwright Pickard, the eight-storey development would be delivered on the old Ritz Roller Rink. McLaren Property’s Myrtle Street scheme comprises 242 bedrooms. Almost a third of the units will be studios and the rest are arranged in four-, five-, and six-bedroom clusters around common rooms.
Austria, Vienna: Topping-out ceremony for the Neu Marx student residence in Vienna
Author unknown, January 29, 2024
418 rooms and 48 serviced apartments in completion. Project developer Raiffeisen Property Holding International (RPHI) and general contractor WRS Energie-u. Baumanagement invited people to the topping-out ceremony for the new student residence, which is being built on the Neu Marx area in Vienna's third district, at the end of January. The student residence will be ready for occupancy at the beginning of the coming winter semester of 2024.
UK, Nottingham: Radford car park where John Player factory once stood could become 587-bedroom student complex
By Joshua Hartley, January 27, 2024
An unused carpark off Norton Street, Radford, where John Player's Castle Tobacco factory once stood, could be replaced with 116 student apartments housing more than 500 students.
BTR
Germany, Mainz: PATRIZIA wants to spend 500 million euros on affordable housing
Author unknown, January 30, 2023
PATRIZIA has announced the closing of its first impact investing strategy to build a pan-European social and affordable housing portfolio worth over €500 million. The portfolio will consist of four large projects with a total of around 1,000 residential units.
Netherlands, Eindhoven: B-Right Urban Living starts building offices and homes
Bert Pots, January 30, 2023
The municipality of Eindhoven has granted B-Right Urban Living a permit for the construction of 2,400 m2 of office space and 75 rental homes.
Poland, Warsaw: LivUp to build more PRS apartments
Author unknown, January 29, 2023
LivUp has closed 2023 with a portfolio of over 750 residential units in Warsaw and Kraków. In 2024, LivUp plans to launch another investment in Warsaw’s Praga district, adding approximately 160 new flats under lease.
Spain, Madrid: Madrid prepares a new Vive Plan to build 1,200 apartments for rent for young people
Author unknown, January 29, 2023
The Government of the Community of Madrid is preparing a new public-private collaboration plan with which to build 1,200 rental apartments at affordable prices for those under 35 years of age.
Senior Living
Germany, Recklinghausen: Senior housing at a high level: two projects could start soon
By Ralf Wiethaup, January 30, 2024
Senior housing at a high level Two projects could start soon. Some people suspected that Wohnvoll AG was just a phantom company. But she is actually pushing ahead with two projects in Recklinghausen.
Italy, Vicenza: 48 new Ater houses in via Bartolomeo da Breganze: work begins
Author unknown, January 29, 2024
An integrated program of public residential buildings in Vicenza worth more than 10 million euros. The project includes the construction of two buildings for a total of 48 houses and a common area of approximately 90 square meters. Completion of the works construction process is expected with testing in 2026.
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