The Market Monitor Digest (week 45/2023)
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: Student housing village on former Amex car park given go ahead
By Felice Southwell, November 08, 2023
Developers have permission to build 555 rooms on former car park.
France, Archamps: On the Swiss border, Uxco Group invests €96 million in a coliving residence
By Marie-France Sarrazin, November 07, 2023
In 2025, the wasteland of the Alliance building, in Archamps (Haute-Savoie), will become the 800-bed coliving residence. Total cost of the operation carried out by Uxco group, €96 million.
Spain, Granada: Baker McKenzie advises Merkel Asset Management on financing the construction of a student residence in Granada
Author unknown, November 07, 2023
The Baker McKenzie Real Estate team has advised Merkel Asset Management on the financing for the construction of a student residence on the Armilla Health Campus, Granada. The residence, which will open in September 2024, has 293 beds that will serve students from the Faculty of Medicine and Health Sciences, among others.
UK, Glasgow: Plan for new Glasgow city centre student accommodation
By Eszter Tárnai, November 07, 2023
The documents were handed to the council to demolish the partially-used office building at 249 West George Street, near Blythswood Square, and build a new site for student housing. Applicant Courie Investments Ltd is bidding to create a mix of accommodation and innovative amenity spaces. If successful, the six-story building will include 147 studio apartments, including six accessible flats and one larger apartment.
UK, Manchester: PAG/Moda slash height of Upper Brook Street PBSA on people power
By Dan Whelan, November 07, 2023
The planned 42-storey student tower, one part of a wider £450 million Manchester masterplan, has been reduced by 12 storeys in response to feedback from Ardwick residents. As well as a 25% reduction in height, feedback on Property Alliance Group and Moda Living’s scheme has prompted a decrease in beds from 1,100 to 983.
BTR
Spain: The 'build to rent' holds investment in residential, which totals 1,530 million until September
Author unknown, November 6, 2023
The volume of investment in the living sector exceeded 1,530 million euros in the first nine months of 2023. The 'prime' returns of the BTR continue to rise and stood at 4% in Madrid and 25% in Barcelona at the end of the third quarter.
UK, Guildford: Grainger officially launches The Mint BTR in Guildford
Amy Johnson, November 6, 2023
Grainger plc has announced that it has launched its first Build to Rent development in Guildford, The Mint. The 98-apartment development contains a mix of one-, two-, and three-bedroom fully furnished apartments.
UK, London: Brent Cross Town secures €111.7m green loan from LaSalle
Author unknown, November 7, 2023
Related Argent and joint venture partner Invesco Real Estate have appointed the main contractor and secured the debt finance for the development of Brent Cross Town’s second Build-to-Rent (BTR) building, enabling construction of 286 new homes.
Senior Living
France, Bellevue – Chantenay – Sainte-Anne: What you need to know about its transformation
Author unknown, November 07, 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.
Germany, Kempen: The SPD calls for the planning of housing suitable for seniors
Author unknown, November 06, 2023
The SPD parliamentary club in Kempen wants to campaign for more apartments for seniors in Kempen. The caucus demands that the city "proactively plan and design" senior living space in all planned new building measures, such as in the Kempener Westen development area.
US, Halfmoon: 110-unit senior living facility to open in in Halfmoon
By Andy Tsubasa Field, November 08, 2023
Summit Senior Living will open a 110-unit retirement community. The fifth Summit facility at 29 Sitterly Road in Halfmoon will officially open on November 20. Three-story property designed exclusively for people aged 55 and over.
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