News
ART acquires Japanese BTR and PBSA assets
Japan: Ascott Residence Trust (ART) will invest around JPY 10.4 billion (£70 million) to acquire four rental housing properties and its first student accommodation property in Japan.
News
Brookfield acquires £94 million UK PBSA portfolio
UK: Brookfield, through one of its private real estate funds has acquired a 619-bed, PBSA portfolio from IP Investment Management and Glenmore Group.
News
Ascott partners with Saudi investor for PBSA venture
Singapore: The Ascott Limited (Ascott) has established a development venture totalling US$150 million in committed equity to develop student accommodation assets in the USA.
News
Bricks and Tristan partner for £400 million PBSA joint venture
UK: Bricks Group and Tristan Capital Partners have created joint venture, with aims to manage £750 million of PBSA assets. Under the terms of the partnership, Bricks Group sold £400 million of assets to the JV. The joint venture unites Bricks Group with Tristan Capital Partners’ Curzon Property Partners Long-Life
Urban Living News
Study Inn adds £35 million Nottingham PBSA scheme
UK: PBSA operator Study Inn Group has added a second Nottingham property to its portfolio. Triumph House is located adjacent to the University of Nottingham’s Jubilee campus. The £35 million new-build scheme will offer a mixture of 270 studios and en-suite apartments. Construction of the five-storey property is in progress
Urban Living News
UXCO to develop largest PBSA project in mainland Europe
France: UXCO Group, the Brookfield-backed operator of student and young professional living spaces in France, has acquired a development site next to its existing ECLA student asset. It will build a further nine-story building to expand the ECLA campus. Once completed in September 2023, the new development will position ECLA
Urban Living News
ART bolsters Stateside PBSA portfolio
US: Ascott Residence Trust (ART) will acquire a freehold 548-bed student accommodation asset, named Seven07 in Champaign, Illinois, for US$83.25 million (S$112.4 million). Seven07 serves around 56,000 undergraduate and graduate students from the nearby University of Illinois Urbana-Champaign (UIUC). The transaction, which is expected to be completed in mid-November 2021,
Urban Living News
Round Hill and CPP form €1 billion PBSA initiative
UK: Round Hill Capital has formed a €1 billion joint venture with Canada Pension Plan Investment Board. The JV, targeting assets in excess of €1 billion, will be one of the largest European student accommodation partnerships. It will invest in existing assets and new developments across PBSA markets in continental
Urban Living News
Ascott Residence Trust acquires Texas PBSA asset
US: Ascott Residence Trust (ART) will acquire a freehold 1,005-bed student accommodation asset in Texas, USA for US$70.0 million, its third PBSA investment within seven months.
Urban Living News
Leeds department store set for PBSA conversion
UK: Investment manager Orchard Street has received planning consent to convert the former Debenhams department store in Leeds into a PBSA-led mixed-use scheme.
