Unite secures £150 million loan from LGIM
UK: Legal & General Investment Management (LGIM) has provided a £150 million senior loan to PBSA operator and developer Unite, secured against 10 assets across the UK.
UK: Legal & General Investment Management (LGIM) has provided a £150 million senior loan to PBSA operator and developer Unite, secured against 10 assets across the UK.
Singapore: Mapletree Investments has acquired 8,192 student housing beds from Cuscaden Peak Investments, in a deal worth £1 billion (S$1.7 billion).
Nigeria: Ahmadu Bello University in Zaria has signed an agreement with the Student Housing Company Limited for the development of 1600-beds under a Public Private Partnership (PPP) arrangement.
UK: Developers revealed plans to convert a Grade II listed hotel in to student accommodation.
UK: Proposals to conserve and convert a former bingo hall in Leith into student homes have been submitted.
Spain: Vita Group has completed the sale of two Vita Student residences in Barcelona to a fund managed by Morgan Stanley Real Estate Investing (MSREI).
US: Round Hill Capital has sold its PBSA business, Nido Living, to the Canada Pension Plan Investment Board (CPP Investments).
France: Paris-based travel tech startup Smartrenting has announced that it is ceasing its property management service.
UK: Software company Kainos and Queen’s University have submitted planning applications for a new office block and a PBSA scheme at the site of the former Movie House cinema on Belfast’s Dublin Road.
UK: Research from Savills has revealed that nearly 100,000 more student beds are needed to meet demand in London.