The Market Monitor Digest (week 44/2023)
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, Lille: Villeneuve-d'Ascq: three hundred new CROUS housing units on the scientific campus
Author unknown, October 31, 2023
The CROUS of Lille is continuing the plan to rehabilitate its real estate portfolio that it began ten years ago. To this large-scale program, commensurate with needs, is added the construction of a new residence, called Kromos'Home, which welcomed its first students at the beginning of October.
Poland, Krakow: Shed Living debuts in Poland. It's more than just a dorm
Author unknown, October 30, 2023
Shed Living Kraków offers 560 rooms and, among others: study rooms, a cinema, a recreation area and a gym. The facility for students and young professionals has been officially opened. Kraków is the brand's first location in Poland.
Spain, Fuenlabrada: Nexum retail park will open on November 8
Author unknown, October 29, 2023
The Nexum Retail Park mixed space, promoted by Equilis in the Madrid municipality of Fuenlabrada, will celebrate its inauguration next Wednesday, November 8. The project has 48,000 square meters of land, of which 22,000 square meters will be used for the commercial park, 17,000 square meters for a student residence with 600 rooms and 4,000 square meters for the construction of a hotel.
Spain, Madrid: The Montoro family, one of the richest in Spain, launches to build a student residence in Madrid Nuevo Norte
By Gabriel Santamarina, November 01, 2023
The residence will have more than 300 rooms and 120 parking spaces, as well as a swimming pool and other services.
UK, Edinburgh and London: Blackstone Buys London, Edinburgh Student Dorms for £370 Million
By Jack Sidders, November 01, 2023
Blackstone Inc.’s IQ Student Accommodation business has bought properties in London and Edinburgh as the private equity firm continues to bet on the shortage of purpose-built housing in the UK’s top university cities. The landlord has acquired Vega, an 841-bed property in London’s Vauxhall district and The Mont, a 324-bed property in central Edinburgh, according to a company statement Wednesday. The combined value of the acquisitions, which were purchased from Downing Students, is about £370 million ($449 million), people with knowledge of the terms said, asking not to be identified as the details were not public.
BTR
Germany, Dresden: Municipal housing: Dresden buys 1,213 apartments from Vonovia
Author unknown, October 27, 2023
Mayor Dirk Hilbert and Rolf Buch, CEO of Vonovia SE, jointly announced in Dresden that the city is purchasing 1,213 apartments from Vonovia. The new owner will be the municipal housing company WiD Wohnen in Dresden GmbH & Co. KG.
UK, Nottingham: Grainger launches The Barnum BTR
Nick Biring, October 30, 2023
Grainger plc launches its first Build to Rent development in Nottingham, The Barnum, which includes 348 fully furnished Build to Rent homes – a mix of studios, one-, two- and three-bedroom apartments.
UK, Leeds: Together secures loan for Sayner Lane Build to Rent scheme
Bea Patel, October 30, 2023
Together has announced that it has agreed on a loan for a developer to buy a plot for a Build to Rent tower on Leeds’ South Bank with planning permission for a development of 150 apartments.
Senior Living
Denmark, Odsherred: He will build a new district - but the city council is divided
By Ivan Nielsen, October 31, 2023
In total, the plan includes 380-450 houses, a four-story nursing home with 110 places and an area with multi-story housing for seniors closest to the track area.
Spain, Málaga: Málaga to build 100 accommodation facilities for seniors and people with disabilities in business premises in Soliva
Author unknown, November 02, 2023
According to the initial plans, which will have to be outlined in the action project, the intention is about 100 apartments for these groups with areas of around 50 square meters. The initiative is included in the Málaga Housing and Land Plan approved a few months ago, which sets out the need to support the construction of 8,900 homes by 2027.
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