Paragon completes £32.5m funding for PBSA scheme in Birmingham
Birmingham-based property investor and asset manager Mercia Real Estate has secured a £32.5m funding package from Paragon Bank’s Development Finance division to support the first phase of its 411-bedroom Purpose Built Student Accommodation scheme in Edgbaston.
Hong Kong’s Crystal Buys Kowloon Buildings for Student Housing
A unit of Hong Kong-based property developer and investor Crystal Investment has acquired a pair of buildings in Kowloon for student housing use, as the growing influx of mainland Chinese students boosts demand for private accommodation in the Asian financial centre.
Deven Group Targets $1B Student Housing Development Portfolio
Orlando-based Development Ventures Group, also known as known as the Deven Group, plans to grow its student housing development portfolio to more than $1 billion worth of assets in the next three years.
NYU Acquires 35 Cooper Square NoHo Dormitory for $69M
New York University paid $69.2 million equivalent to $1,235/unit, to acquire a 13-story dormitory at 35 Cooper Square in NoHo from a partnership between Sherwood Equities and Bhatia Development Organization, reported the New York Business Journal.
Blackstone secures refinancing for iQ platform
Blackstone has announced they have successfully closed on the refinancing of one of the major credit facilities of iQ Student Accommodation. The refinancing is part of the normal course of business ahead of the current facility reaching maturity in May 2025.
Developers switch focus to push for new student quarters in Greenwich
Plans for 190 new student rooms in Greenwich have been submitted, replacing the previous scheme to build flats on the site. Greenwich council has received an application to build the student digs in Woolwich Road, 35 per cent of which would be classed as ‘affordable’.
Japanese-owned development firm looks to expand US student housing investments to $1 billion
National builder Deven Group is set to grow its student housing portfolio at top-tier colleges to over $1 billion over the next three years as rising enrollment at prestigious universities collides with a supply shortage and constrained construction schedule.
CDU partners with CLV for delivery of new student accommodation complex
Charles Darwin University (CDU) will collaborate with Campus Living Villages (CLV) on the accommodation which is expected to house around 350 students and will be located at 56 Wood Street across the road from CDU’s Danala | Education and Community Precinct.
Scape Group targets European expansion with new hire
Scape Group – one of the UK’s largest providers of purpose-built student accommodation (PBSA) and living units, today announces the appointment of Martijn Vos as CEO Europe for its flagship brands, Scape and Morro.
Student Roost and Kinetic launch StudentLife wellbeing platform
Student Roost has partnered with student accommodation management software creators – Kinetic – to become the first purpose-built student accommodation (PBSA) provider to launch the StudentLife resident wellbeing platform.
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