The Market Monitor Digest (week 39/2023)
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
France, Paris: The Boost Society announces the acquisition of its largest student residence in the Ile-de-France region in Créteil
Author unknown, September 28, 2023
It will offer 497 accommodations (571 beds) ranging from T1 to T6 for living alone or with several people in shared accommodation.
UK, London: JTP submits 21-storey student housing tower in Ealing ‘tall building cluster’
By Ian Weinfass, September 28, 2023
JTP has submitted plans for a stepped 7-to-21-storey tower in Ealing, west London, close to contentious high-rise plans for John Lewis. If approved, the Hastings Road student accommodation development will be delivered using offsite, 3D volumetric modular methods, following the demolition of a Majestic Wine outlet.
Germany, Berlin: Berlin is building more student apartments
Author unknown, September 27, 2023
Berlin is building more student apartments and rooms: the state-owned company Berlinovo wants to complete 700 places by the end of the year. A further 3,550 places will be added over the next three years.
Italy, Bolzano: Space program for student dormitory in Moritzing approved
Author unknown, September 27, 2023
Yesterday (September 26th) the state government approved the changed space program for the student residence near the Claudiana in Bolzano. The project envisages the construction of 200 beds.
Poland, Krakow: Shed ready for students
Author unknown, September 26, 2023
The first Polish Shed Living was opened in Krakow. The owner of the student housing facility is the European company Investor 1 Asset Management (1AM). Shed Living Krakow has a total of 722 beds in 566 single and double studio apartments.
US, Berkeley: UC Berkeley Moves Ahead with 1,400-Bed Student Housing
By Paul Bubny, September 25, 2023
The University of California Board of Regents has approved more than $7 million in predevelopment funding Thursday for the latest student housing project to enter UC Berkeley’s pipeline, a development that would add 1,400 beds to the university’s thinly stretched portfolio.
BTR
Germany, Berlin: Westminster is planning neighborhood development near the Tesla Gigafactory
Author unknown, September 22, 2023
Westminster Immobilien GmbH is planning to develop a neighborhood for 1,500 residents in Friedersdorf (Heidesee). The rental living space for will be created in five-story apartment buildings with total 750 residential units.
Germany: PGIM relies on micro living and data centers in Germany
Author unknown, September 22, 2023
PGIM finds the micro-living, temporary living and business apartments segment exciting in this country. This is a future segment in which PGIM wants to invest in existing properties and developments via its own platform.
Netherlands, Ultrecht: High-quality block with social housing for Leidsche Rijn Centrum
Ronnie Weessies, September 22, 2023
A block with 178 social rental homes has been completed in Leidsche Rijn Center in Utrecht. BureauVanEig and Zecc Architecten managed to realize a high-quality block with affordable homes.
Canada, Ottawa: Ottawa releases $20 billion to build 30,000 rental apartments
Author unknown, September 26, 2023
Increasing the cap on Canadian mortgage bonds by $20 billion to $60 billion. This investment will allow for the construction of 30,000 additional homes per year. These can be residential building projects, student residences or residences for senior citizens.
Germany, Berlin: MPC acquires residential complex in Pankow from Covivio
Author unknown, September 28, 2023
MPC Capital has acquired the two apartment buildings at Prenzlauer Promenade 49 in Berlin-Pankow. They include 113 one- to four-room apartments.
Germany, Berlin: Covivio sells rented new residential building in Berlin to MPC Capital
Author unknown, September 28, 2023
The new Covivio building, completed in 2022 and fully rented, is centrally located on Prenzlauer Promenade 49. The modern apartment building ensemble PP49 offers 113 high-quality 1 - 4 room apartments.
Senior Living
France, Mayet: Construction of 62 studied housing units in two programs
Author unknown, September 23, 2023
Pierre Ouvrard presents the project of the subdivision of 32 plots, which was presented 18 months ago and which seems to be reactivated by the developer Ecovivre Habitat. The first program supported by the social housing developer Podelhia would concern a building with 30 residential units, whose basic plot, accessible from rue Eugène-Termeau, is currently being purchased.
Germany, Haltern am See: INP acquires senior citizens' centre in the Ruhr area
Author unknown, September 25, 2023
The INP Group has acquired the Kahrstege senior citizens' centre at Sundernstraße 41 in Haltern am See, North Rhine-Westphalia, for the "INP Deutsche Pflege Invest III". Built in 2002, the property offers 81 fully inpatient care places, divided into 63 single and nine double rooms. The operating company belongs to Auvictum Holding from Hanau. The Article 8 fund "INP Deutsche Pflege Invest III" now comprises 19 nursing homes, and further acquisitions are imminent. The total investment volume amounts to around 330 million euros.
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