Regions

Hines, a global real estate investment and management firm, has inaugurated aparto Diagonal Suites, its new hotel located in Porta Diagonal (Esplugues de Llobregat), one of Barcelona’s emerging metropolitan areas.

American Development Corp. plans a $63 million redevelopment of Louisville’s Jefferson Education Center into a student housing complex with 431 beds, targeting Jefferson Community and Technical College students.

Downing Property Finance has secured three PBSA development loans totalling approximately £47.5m across Glasgow, Bristol, and Manchester, reinforcing its growth strategy in the student accommodation sector.

Dominus and Cheyne Capital secured a £250 million loan from Standard Chartered to convert 65 Fleet Street, London, into a 370,000 sq ft student accommodation scheme offering 875 rooms, with 35% at affordable rents regulated by the mayor of London.

JP Morgan Asset Management has formed a joint venture with iLive Group to develop a €1.5 billion purpose-built student accommodation portfolio across major German cities, starting with approximately 1,000 beds in Frankfurt and Berlin.

Hampshire Trust Bank has provided a £13.5 million, 18-month facility to refinance and support the repositioning of the 664-bed Kirkstall Brewery campus in Leeds, which includes a 442-bed parcel with planning consent for conversion into 151 private rented sector apartments and 202 retained PBSA beds.

The new UK living platform, led by PBSA pioneer Tim Butler, has appointed Johnny Langton as head of operations; Langton brings over 12 years of real estate experience, including leadership roles at Greystar and interim managing director at Student Roost.

Centurion Accommodation REIT reported Q1 net property income of $37.5 million, exceeding its prospectus forecast by 2.4%, driven by higher occupancy and rental rates across its PBWA and PBSA portfolios, alongside favourable currency movements.

The Federal Government launched a 1,500-bed hostel at Yaba College of Technology to improve student accommodation, welfare, and learning conditions, integrating residential, recreational, and commercial facilities.

Developers plan to construct Rambler Northgate, a 24-story tower with over 300 units and 900 beds near Texas A&M University, marking the tallest building in College Station and addressing the local student housing shortage.