Regions

The government has approved funding for the construction of 703 student residences at the Cyprus University of Technology (Tepak) in Limassol and Paphos, through a €108 million loan agreement with the European Investment Bank (EIB).

European real estate investment manager RoundShield Partners has appointed Drazen Visnjevac as a director within the investment team.

The Unite Group has raised gross proceeds of approximately £450m to accelerate the delivery of new and affordable student accommodation. Unite confirmed the successful completion of the placing, subscription and retail offer announced on Tuesday (23 July).

Located at 1801 Cumberland Ave., the community will rise seven stories and offer 215 units in studio through five-bedroom configurations. Shared amenities will include a rooftop swimming pool, hot tub and sun deck, as well as ground floor retail. Construction on the project is set to begin in spring 2025.

Landmark Properties together with W5 Group has closed on its acquisition of a 2-acre site in the University Hill neighborhood, one block from the northern border of the Syracuse University campus in Syracuse, New York.

Car dealer AA Performance plans to create a six-storey building off Thynne Street, Bolton. It would feature purpose-built student accommodation (PBSA) on the upper levels and a replacement showroom on the ground floor.

Proprium Capital Partners has announced that its Southern European PBSA platform with Collegiate AC Europe Ltd (Collegiate) is investing $100m of equity to acquire and develop two PBSA schemes in Italy, in the cities of Milan and Padua.

Palladius Capital Management (“Palladius”), a vertically-integrated real estate investment manager focused on pursuing multifamily, student housing, hospitality, and select thematic investment strategies, today announced it completed the sale of The Oasis, a 672-bed student housing property located in the Austin, TX suburb of San Marcos.

Planners at Harris Lamb have been successful at a Public Inquiry having appealed Coventry City Council’s decision to reject proposals to demolish an industrial building and replace it with purpose-built student accommodation.

Walker & Dunlop Inc. has provided a $285.5 million loan for the refinancing of Vantage and The View at Montgomery, two student housing properties located on Temple University’s campus in Philadelphia. The Class A communities total 1,816 beds.