The Market Monitor Digest (week 26/2023)
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
UK, Brighton: Work under way on new student accommodation
By Daniel Green, June 28, 2023
Builders have been hard at work on the five-storey building in London Road, Brighton, which will house shops and 156 purpose-built student flats.
UK, Loughborough: Plans in for major Loughborough student living scheme
By Adam Beech, June 28, 2023
An application has been submitted featuring hundreds of student accommodation units within a pair of buildings in Loughborough. Fusion Students has brought forward proposals to redevelop a site situated between Limehurst Avenue and the Grand Union Canal Basin. They would be replaced by two blocks containing 525 units, including en-suites, social studios, studios, twodios, one-beds and duplexes.
Germany, Kempten: Good prospects for 200 new apartments at Kempten University
By Jochen Sentner, June 27, 2023
200 apartments for students are planned on Immenstädter Straße near the Kempten University of Applied Sciences. This is the current status of the project.
Australia, Melbourne: Trio of high-rise towers for $1.7 billion Queen Victoria Market redevelopment
By Jewel Topsfield, June 28, 2023
The project will include a 49-level tower for student accommodation, a 46-level residential apartment block and a 28-level office building on the so-called “southern site” bounded by Franklin, Queen and Peel streets. The tallest tower will be dedicated to student accommodation, with an 1100-bed building to be developed by Scape, a student housing provider.
France, Paris: Greystar acquires Paris PBSA site
By Bea Patel, June 26, 2023
Designed by Parisian architects Brenac & Gonzalez & Associés, the 18-storey PBSA scheme will deliver 310 student beds. The total floor area is 8,300 m² – including 550 m² of high-quality communal areas.
Italy: Italy rides the PBSA wave with record investment in the first quarter
Author unknown, June 26, 2023
Italy rides the PBSA wave with record investment in the first quarter. The transalpine country concentrated investments in new student residences (PBSA, for its acronym in English) for €160 million in the first quarter of the year, which meant scoring record investment for a quarter, according to data from Savills.
BTR
Finland, Helsinki: SRV secures €24m residential building contract in Helsinki
Branislav Pekic, June 28, 2023
Finnish listed construction company SRV has won a €23.8 mln contract to build a 101-unit residential building in Verkkosaari, Helsinki.
Germany, Magdeburg: INDUSTRIA secures a new building project with 116 units
Author unknown, June 29, 2023
INDUSTRIA and FOKUS WOHNEN DEUTSCHLAND have purchased a new building project in Magdeburg for the fund. After completion, the property will have 116 apartments.
Netherlands, Amsterdam: Eigen Haard is building 275 rental homes
Author unknown, June 27, 2023
Eigen Haard is building 275 homes on the future Nieuwe Osdorpergracht in the heart of Amsterdam Nieuw-West.
Germany, Munich: Architectural tours GEWOFAG presents quarter in Munich Hadern
Author unknown, June 22, 2023
In Munich-Hadern, GEWOFAG has developed a new district with 373 subsidized apartments and extensive social offers in recent years. Since 2017, a lively neighborhood with exciting architecture has emerged in three construction phases.
UK, Belfast: L&G completes largest resi investment in Northern Ireland
Author unknown, June 26, 2023
Legal & General has announced the funding of a €175m residential development in Belfast, committing to the largest residential investment in the region which will fund the development of 627 new homes.
Germany, Frankfurt: franky takes shape: Further laying of the foundation stone
Author unknown, June 23, 2023
The future residential quarter in Frankfurt's Gallus, continues to take shape. The foundation stone has now been laid for the 245 residential units – 63 of which are publicly funded – with 17,300 m² of living space.
Senior Living
Germany, Schellweiler: Barrier-free and senior-friendly residential complex is created
By Rainer Clos, June 26, 2023
A residential complex consisting of a multi-family house and three village bungalows in a central location is to be built in Schellweiler by the end of 2024. Patrick Buch and Kerstin Rudat, managing directors of Kair GmbH, presented the "Wohnpark am Weiher" project. 17 apartments with an area of 50 to 65 square meters are designed as barrier-free and suitable for seniors.
US, West Sacramento: Avanath Buys Sacramento Affordable Senior Community
By Diana Firtea, June 26, 2023
Avanath Capital Management purchased Rivers Senior, a 120-unit affordable senior housing development for $19 million. The acquisition brings Avanath's portfolio to a total of 13 assets in the Greater Sacramento area and 19 in Northern California. The community was 98 percent occupied at the time of sale.
Germany, Schwanau-Nonnenweier: Stony road to the construction of a new care facility in Schwanau-Nonnenweier
By Reiner Beschorner, June 26, 2023
The trigger for new construction and reconstruction was the legal requirement to equip nursing facilities exclusively with single-bed rooms. After the reconstruction of the existing building, 45 single rooms will be offered on one level. 18 apartments for seniors are being built on the upper floors of the existing building. The reconstruction could be completed in the summer of 2024.
Germany, Stuttgart: Winning design envisages 180 apartments on the eastern part of the site
Author unknown, June 26, 2023
For some time now, a new development with apartments and commercial space has been planned on the eastern site in Stuttgart-Ost. The architectural competition organised by Stuttgarter Straßenbahnen AG (SSB) has now been won by Fink+Jocher Architekten and NinnenthalSchaar Landschaftsarchitekten. Among other things, the design envisages 180 apartments, including 64 nursing homes, in several buildings around a triangular square. The new district library is also to be housed there. Completion is expected in 2027 or 2028.
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