Cedar Pacific Secures First Green Loan with SMBC for 655-Bed Student Accommodation Project
Cedar Pacific and CBRE Investment Management have launched a green loan partnership with Sumitomo Mitsui Banking Corporation (SMBC), a milestone in sustainable financing for the purpose-built student accommodation asset class.
The Scion Group Acquires 1,527-Bed Orlando Student Community
A joint venture between The Scion Group and an institutional investment partner has acquired The Aves at Twelve100, a 507-unit, 1,527-bed student community in Orlando, Fla., serving the University of Central Florida. Harrison Street was the seller, according to Yardi Matrix data.
CDP Real Asset provides €50m for Italy’s largest PBSA development
The investment comes from Italy's sovereign wealth fund, CDP, through its National Fund for Sustainable Housing (FNAS). FNAS promotes sustainable and socially impactful real estate projects valued up to €1 bn.
Plans in for second phase of major Nottingham gateway scheme
MRP Nottingham has submitted plans for the second phase of its hybrid residential scheme on Queen’s Road, next to Nottingham railway station.
Leeds shopping centre redevelopment set to get the go-ahead
Plans to redevelop a Leeds shopping centre to create a mixed-use development of commercial units and student accommodation will go before councillors next week (14 March 2024) with a recommendation for approval.
Contracts exchanged on £25m Bristol student scheme
Construction firm Watkin Jones has exchanged contracts with funds managed by investment firm KKR, to forward fund a purpose-built student accommodation scheme in Bristol. Watkin Jones were advised by Cushman & Wakefield and Addleshaw Goddard LLP.
Hines funds invest in France to create 1,300 new student housing beds
Two European funds managed by global real estate firm Hines have made student housing investments in France that will create around 1,300 new beds.
Iglu Approved for More Student Beds in Sydney’s South
Student accommodation giant Iglu expects to begin construction on its latest student digs—a 300-room mixed-use tower in Sydney’s south-east suburbs—within the next four months.
New $80 million student housing tower approved for Perth’s CBD
A new $80 million student accommodation hub has been approved in the Perth CBD, and will provide a further 835 people with a place to stay as the state’s housing crisis deepens.
Student accommodation lined up for Durham car park
Plans to construct a student accommodation scheme, comprising 318 bed spaces, on a Durham car park have been lodged. Clegram Holdings is behind the development, which is planned for land at Melbury Court and would be managed by Homes for Students.