The Market Monitor Digest (week 42/2023)
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: Paris Dauphine University opens its new student residence
By Max Arengi, October 18, 2023
Paris Dauphine University has just inaugurated its brand new student residence, providing accommodation for the most modest students who have decided to join the institution. Based in Saint-Ouen, this building should accommodate 159 students.
UK: EXPO Real: Cain homes in on student housing with £500 million
By Graham Parker, October 06, 2023
Cain International, the property business ultimately controlled by US investor Todd Boehly, has pulled off one of the biggest deals this year, making a grand entrance into the purpose-built student accommodation sector with a £500 million commitment across five UK cities.
Germany, Cologne: The Flag is converting customs buildings into student apartments
Author unknown, October 17, 2023
The Flag has acquired the office and administration building at Neusser Straße 159 in Cologne. The property previously used by the General Customs Directorate is empty and is to be converted into an apartment building for students and young professionals. Around 125 apartments are planned. The seven-story building offers an above-ground gross floor area of 5,485 m² and the property is 1,186 m² in size. The seller is Nestlé Pensionskasse Vermögensgesellschaft & Co OHG, and the deal was brokered by Aengevelt on behalf of the seller.
UK, Leeds: BlackRock and Manner acquire The Store House PBSA
By Bea Patel, October 17, 2023
Harris Associates and Savills announce prime purpose-built student accommodation (PBSA) project - The Store House - in Leeds is being acquired by BlackRock and Manner. Situated on the illustrious Briggate, the scheme will deliver 369 student bed spaces and the development encompasses 2,417 sqm of prime-positioned flexible retail space across the ground (1,251 sqm) and basement levels (1,166 sqm), currently being marketed by Jackson & Criss and Forge Commercial Property. The project is expected to complete in time for the 2025/6 academic year.
Netherlands, Maastricht: The Maastricht School of Management Foundation sells (student) complex in Maastricht
Author unknown, October 16, 2023
The Maastricht School of Management Foundation (MSM) sells (student) complex, The Ed, at the Endepolsdomein in Maastricht to Zinc Real Estate. The complex covers approximately 8,600 m2 and consists of a basement, ground floor and 7 floors. Within these layers there are 147 apartments, consisting of 133 independent apartments, ranging between 23m2 and 50m2, and 14 independent apartments with an area between 71m2 and 76m2.
BTR
Germany, Erlangen: S&P is developing mixed use for PSD Bank
Author unknown, October 16, 2023
PSD Bank Nuremberg has commissioned S&P as a service developer for a mixed-use development in Erlangen, with a total gross floor area of 13,400 m² planned. The space is divided into 4,911 m² of privately financed housing, 3,249 m² of subsidized housing, 4,481 m² of commercial space and 719 m² of business apartments.
Ireland, Dublin: Quintain To Press Ahead With BTR, Retail And Commercial Plans At Cherrywood
Mark Faithfull, October 16, 2023
Quintain Ireland has secured planning permission for what it has dubbed Cherrywood’s first village centre. The €65M mixed-use scheme will consist of 148 build-to-rent apartments, plus additional retail and commercial units. Construction is set to start next year and be completed by late 2026.
Netherlands, Eidhoven: B-Right Urban Living realizes new Mosaic World headquarters
Author unknown, October 13, 2023
B-Right Urban Living will realize the new headquarters of Mosaic World in Eindhoven. In addition to the 2,400 m2 office, it also offers space for 75 rental properties in the social segment and the mid-rental segment.
UK, Birmingham: Moda launches consultation on next stage of New Garden Square BTR
Bea Patel, October 16, 2023
Moda launches a consultation for the next stage of its New Garden Square Build to Rent neighbourhood in Ladywood. The latest proposals would deliver around 450 new homes alongside a dynamic variety of amenities.
Senior Living
Denmark, Slagelse: The first houses ready in the new quarter
By Camilla Bøgeholt Lund, October 18, 2023
The developer of the project is PFA Ejdendomme, and in addition to the 324 homes, PFA Ejdendomme, together with OK-Fonden, is also building 32 homes for the elderly, a community for the elderly with 30 homes and a shared house, as well as a separate home with 75 homes for the elderly. All the houses in Kvægtorvet are expected to be completed by summer 2024.
Germany, Elzach: Apartments for seniors for the city center of Oberprechtal
By Kurt Meier, October 19, 2023
The local council of the town of Elzach unanimously decided to draw up a development plan for the "Hirschen-Areal" in Oberprechtal. It is about the creation of building and legal requirements for the construction of a senior housing complex with an integrated day care facility. According to the investor's plans, 52 housing units could be created.
Netherlands, Mijdrecht: The construction of 114 homes for beginners and seniors in Mijdrecht is one step closer
Author unknown, October 18, 2023
114 houses for beginners and seniors are being built on sports fields 4, 5 and 6. The aim of the project is to support mobility in the local housing market and to keep beginners within the municipality. The houses should be ready in the begging of 2024.
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