Blackstone Buys Australia’s Student One for $322M
Blackstone has purchased Brisbane-based Student One for more than A$500 million ($322 million), according to sources, marking the US private equity giant’s first student accommodation investment in Australia and in the broader Asia Pacific region.
New student digs plan unveiled at Moreton Bay
Plans have been lodged for a new 296-bed student accommodation building in Petrie. The development application, submitted to Moreton Bay City Council, is for an eight-storey building at 1 Young St.
New California Law Alters CEQA in Favor of Student Housing
Following a heated legal battle over new student housing in Berkeley, Governor Newsom signed a new law removing ‘social noise’ as an environmental impact.
Greystar acquire 650-bed student residence in Paris
This latest deal expands on their current footprint of 4,710 student beds across France. The purpose-built student accommodation (PBSA) is due to be completed in summer 2024 and is located close to amenities and cultural attractions.
Plans submitted for ‘truly mixed community’ of family and student housing
Plans have been submitted for a £100 million development combining family homes and student accommodation to deliver a 'truly mixed community' in Edinburgh.
BWE Secures Acquisition Financing for KSU Student Housing
BWE has arranged acquisition financing for The Beacon, a 456-bed student housing community near Kennesaw State University in Marietta, GA. Chris Carroll and Max Miller in BWE’s Chicago office originated the loan on behalf of Campus Realty Advisors.
Dominus Seeks Funding Partner for £200 Million Manchester PBSA Tower
Developer Dominus has hired Savills and Gerald Eve to find a forward funding partner for the Medlock Tower scheme in Manchester city centre. The building, which was approved by Manchester City Council in June, will provide 1,014 beds and be built on a site currently occupied by a Premier Inn.
Student flats plans for derelict Plymouth spot
Plans to redevelop a derelict spot in the heart of Bretonside into student flats have been unveiled. The scheme, among the latest to be submitted to Plymouth City Council planners, would see up to 114 flats built on the corner plot at the intersection of Bilbury Street and Bretonside.
Five-strong PBSA portfolio brought to market
Future Generation, a joint venture between Southern Grove and Tadhammon Capital has put its entire five-property purpose built student accommodation (PBSA) portfolio on the market.
ISIF commits €75m to student flats and housing
The Ireland Strategic Investment Fund (ISIF) has announced a €75m commitment to Harrison Street for a co-investment strategy that will focus primarily on delivering new student accommodation in regional cities. The programme aims to deliver c.€500m of new accommodation.