Two Student Housing Complexes Near State College Sold for Nearly $75 Million
A national student housing owner and operator recently acquired two student apartment complexes near State College for a combined $74.3 million. California-based Pierce Education Properties purchased The Bryn, 601 Vairo Boulevard in Patton Township, for $40.1 million and Tremont Student Living, 201 Vairo Boulevard, for $34.2 million.
GSA selects global head of finance
Bray will join GSA’s executive team, further strengthening the company’s leadership and taking an integral role in developing the business and executing its global growth plans. Bray brings a 30-year track record in the funds management sector.
RMIT Build-to-Rent, Student Housing Village Moves Forward
Urban Planning Collective has won the support of the Future Melbourne Council for its mixed-use project in North Melbourne. The planners submitted the application to the Victorian Department of Transport and Planning on behalf of owner Centurion Australia Investments.
Homes for Students launches new brand
Homes for Students, the UK and Ireland’s leading independent PBSA provider has today unveiled the latest, and most impressive brand to join their line-up. EVO Student, inspired by the evolution in student accommodation is a portfolio elevating the existing premium accommodation offerings to yet another, even more exciting level. Residents living at an EVO Student property can expect premium accommodation and facilities, prime locations and world-beating experiential and wellbeing wraparound experiences.
Funding hunt under way for £80m Glasgow student scheme
Savills OCM is pleased to launch a super prime 432-bed PBSA opportunity, located in the heart of Glasgow City Centre, Scotland. Home to five higher education institutions and the Russell Group University of Glasgow, Project Broadway Central is a rare investment opportunity in the highly sought-after and critically undersupplied Glasgow market.
Unite Students appoints new Group People Director
Jessica joins Unite Students in November 2023, and brings a wealth of experience working in the PBSA sector. She’s spent 22 years in the industry, including starting her career at Unite Students with roles spanning customer services, operations and HR.
Island Quarter developer to seek ‘substantial’ funding after £22m write down
The developer of Nottingham’s Island Quarter site is in discussions to “raise substantial amounts” of funding after it was forced to write down the value of the scheme by £21.5m.
IPIM and Maven acquire Marketgait PBSA site in Dundee
Residential living-focused real estate investment manager IP Investment Management (IPIM) and property and private equity manager Maven Capital Partners have acquired the Marketgait student accommodation development site in Dundee.
Detailed mixed-use plans revealed for Edinburgh scrapyard
Recycling firm Dalton Metal Recycling is seeking to redevelop its site at 52-66 Salamander Street with purpose-built student accommodation (PBSA) and build-to-rent accommodation as well as retail/commercial space and associated works.
Car park could be turned into student accommodation
A Liverpool company that provides accommodation for 8,000 students in ten university cities across the UK has bought a city centre car park in Bristol. Although Downing are keeping tight-lipped about their plans for the Nelson Street car park, their sister business Downing Students promises “inspirational, purpose-built student accommodation… creating a world-class experience”.