CA Ventures secures planning for Glasgow PBSA
Glasgow City Council’s planning committee approved an application by real estate investor CA Ventures to partially demolish buildings on Queen Street and build a 14-storey PBSA block with 195 student beds.
Australia’s Scape Raises $2B in Debt as Student Housing Market Surges
Australia’s largest owner and operator of student housing Scape has closed on A$3 billion ($2 billion) in fresh debt financing, with part of the offering nearly three times oversubscribed amid growing appetite for purpose-built student accommodation (PBSA) in the country.
Centurion JV company to refurbish Hong Kong building for student housing
The JV with LionRock Property will develop the building into student housing under Centurion’s “dwell” student living brand.
Core Spaces Helming 2,195-Bed Housing Property Near NC State
Core Spaces and TPG Real Estate are co-developing the Hub Raleigh, a 665-unit, 2,195-bed student housing property in Raleigh, N.C. near the North Carolina State University (“NC State”) main campus.
Blacklight secures £33m from AIB to refinance Limelight PBSA
Blacklight Capital Partners has secured a £33m senior debt facility from Allied Irish Bank (AIB) to refinance Limelight, its newly-developed PBSA asset in central Liverpool.
$30M student housing development financing secured in Berkeley
JLL Capital Markets announced today that it has secured a $30 million construction financing for The Northside, a 73-unit student housing project at 1752 Shattuck in Berkeley, California.
New University of Maryland graduate student housing could help local economy
University of Maryland (UMD) graduate students will have a new housing option when the college’s planned Leonardtown apartments become available near downtown College Park in two years.
Kexgill Group completes refinancing deal with Aldermore
Purpose-built student accommodation (PBSA) provider, the Kexgill Group, has completed a refinance deal with Aldermore Bank. The agreement was supported by Andrew Jackson Solicitors, their legal advice was provided by a multidisciplinary team of senior members of the practice.
Bridgeview Real Estate launches $27M student housing DST
Bridgeview Real Estate, a Delaware statutory trust sponsor company and developer, has launched a $27.2 million DST offering fueled by high-barrier-to-entry student housing projects at Texas Christian University and University of Texas at Arlington.
Bowmer and Kirkland secures 330-bed Bristol PBSA
Bowmer and Kirkland have been selected as the main contractor for a purpose-built student accommodation (PBSA) in Bristol. Canada Life Asset Management, in partnership with the University of West England, secured planning permission for the development.
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