Regions

Singapore’s sovereign wealth fund GIC has ruled off a major coup on Australian shores, agreeing terms to sell its student accommodation business for a $1.6 billion gross price – or about three times the $568 million it spent on securing the investment from Singapore-listed real estate investment firm Wee Hur Holdings in 2022.

Nido Living has appointed Dr Beatrice Lafon as Chairperson of its newly established Board. The appointment follows the recent hiring of CEO Carlo Matta and CFO Ryan Lee.

An Bord Pleanála has given the green light for the development, subject to conditions, of a new student housing development in Galway City comprising 257 bedrooms.

Fusion Group, a privately-owned UK student accommodation developer and operator, has appointed Daniel Harris as chief investment officer to support its continued growth.

Glasgow University plans to develop a new PBSA scheme at the current Anderson College site. The redeveloped scheme will comprise 460 PBSA beds, which have been planned as part of a partial demolition of Anderson College.

Vita Group has carefully shaped its proposals for Birmingham’s Goods Station through extensive engagement with the local community, key stakeholders and Birmingham City Council.

Quebec’s public pension manager and commercial real estate firm Walker & Dunlop Investment Partners expect to double the size of a joint venture they started nearly three years ago to invest in US housing. The JV makes preferred equity investments in student housing, manufactured housing and multifamily properties.

CEE Student Housing Fund will have capacity to finance the construction of housing for up to 3,500 students in Poland, the Czech Republic, Slovakia, Lithuania, Latvia and Estonia. The project scope includes the construction of at least seven buildings in major academic cities over the next five years.

The Annex Group has broken ground on a new student housing community at the University of Memphis, in Memphis, Tenn. The community will be part of the Park Avenue Campus, also the future location of Tiger Park, an integrated academic and athletic facilities complex being planned by the University.

A Texas-based development company is planning to build a mixed-use housing complex at the site of the former Campus Village Shoppes. The development will add a privately-owned student housing option to the current selection of apartments along Route 1 in College Park. The project is expected to open in fall 2027.