Reading Time: 2 minutes 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.
Reading Time: 2 minutes UK: Brookfield, through one of its private real estate funds has acquired a 619-bed, PBSA portfolio from IP Investment Management and Glenmore Group.
Reading Time: 2 minutes 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.
Reading Time: 2 minutes 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
Reading Time: < 1 minute 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
Reading Time: < 1 minute 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
Reading Time: < 1 minute 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,
Reading Time: 2 minutes 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
Reading Time: < 1 minute 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.
Reading Time: < 1 minute 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.