News

Watson Farley & Williams has advised Banco de Sabadell, S.A. and Banco Pichincha España, S.A. on a financing granted to Temprano Capital and Brookfield for the construction and development of the Living Riera-Blanca student residence in Barcelona.

One of the first major student housing properties under the portfolio of Global Education Communities Corporation (GECC) is now under new ownership.

Global Student Accommodation (“GSA”), announces that it has refinanced three of its Australian assets with Aareal Bank. With a value of over AUD$200 million, this significant transaction builds upon the Company’s existing relationship with Aareal Bank, reflecting the strength of Australia’s student housing market and the underlying performance of GSA’s portfolio in Australia’s leading educational cities.

The “masterplan” for a major redevelopment of the former Cleeves factory site, which will see the grounds transformed for residential and commercial use, has been unveiled.

A report has recommended Exeter City Council should sell the former leisure centre site at Clifton Hill and the Mary Arches multi-storey car park without restrictions on use. Councillors are considering the sales despite a council policy not to sell off land for student accommodation.

The manager is rebuilding its PBSA portfolio in the country more than a year after selling the RESA platform it had built up between 2017 and 2022.

Nova Osborne Ltd has applied to Glasgow City Council to build the 11-storey 288-bed accommodation at the corner of Osborne Street and Old Wynd but the bid faces objections.

Aareal Bank has closed a €566 mln refinancing facility with The Social Hub (TSH), together with two participating lenders, one of which is Rabobank.

Real estate consultancy Savills has been appointed by Imap Properties Ltd to sell The Orbital – a modern and operational 103-bed PBSA scheme on Canning Circus in Nottingham city centre. The scheme completed in time for the 2018/19 academic year.

A plan to house 400 students near Windsor's downtown core is a step closer to reality after St. Clair College signed a memorandum of understanding with a developer.