Aviva Investors acquires Glasgow student block for £23 million
Aviva Investors has acquired a purpose-built student accommodation (PBSA) property in Glasgow for £23m. Completed in January and fully-let for the 2024/2025 academic year, 31 Gilbert Street is a 99-bed, all-studio development which offers rooms varying from 17 sq m to 29 sq m in size.
Edinburgh site labelled ‘real one off’ could house 235-bed student scheme
A 1.5-acre site in central Edinburgh described as a “rare development opportunity” has hit the market. Property experts believe that the site, which is located on the north-east side of McDonald Road just off the capital’s Leith Walk, could be transformed into student accommodation or new private housing.
Vesper Obtains UNT Student Housing Project
Vesper Holdings acquired Gateway at Denton, located near the University of North Texas. Yardi Matrix data shows that the company took out a $25.3 million Freddie Mac loan for this acquisition, originated by KeyBank and arranged by AMA Financial.
Barings Sells 263-Bed Varsity Berkeley Student Housing Community in California
Barings has divested of Varsity Berkeley, a purpose-built student housing property in Berkeley. Hawkins Way Capital acquired the asset for an undisclosed price.
Amro Porto PBSA Portugal’s first BREEAM outstanding new-build
IP Investment Management (IPIM) – in partnership with Heed Capital and Amro Partners – has achieved the highest ESG certifications for Amro Porto, its debut PBSA project in Porto, Portugal.
Student housing demand normalizing
Student housing demand appears to be normalizing to a more sustainable trend after record occupancy rates in Fall 2022 and 2023.
UVA Darden to Break Ground on Residential Student Housing
The University of Virginia Darden School of Business will hold a celebratory ground-breaking in October to mark the upcoming construction of a major project that will provide new, modern residences for students on School Grounds.
CBRE strengthens PBSA Capital Markets capability with new hire
Global real estate advisor, CBRE, has appointed Mason Gillard-Ellis as a Senior Director in its UK & European Living team, specialising in purpose-built student accommodation (PBSA) portfolio Capital Markets.
Christopher Holloway joins ASK4 as Managing Director of Europe
ASK4 is excited to announce the appointment of Christopher Holloway as Managing Director of Europe. In addition, several key leadership changes have been made to support ASK4's continued expansion across UK and European markets.
Real Deals: Fayetteville student housing sells for $72 million
Irvine, Calif.-based Strategic Asset Management I LLC and an affiliate of Austin, Texas-based Virtus Real Estate Capital have jointly purchased 198-unit student housing development YOUnion at Fayetteville for $72.25 million. The purchase price equals $364,899 per unit.