PGIM buys £184 million student portfolio
UK: PGIM Real Estate has acquired six PBSA assets from Unite Group for £184 million.
UK: PGIM Real Estate has acquired six PBSA assets from Unite Group for £184 million.
UK: Elite Commercial REIT, a UK-focused Singapore investment vehicle, has revealed plans to reposition several properties in its portfolio to support its expansion into the BTR and PBSA sectors.
UK: Developer South Bank Square has submitted a planning application for a PBSA scheme on the site of the Fanum House office block.
Recent changes to permitted development rights are welcome, but with the housing crisis worsening, the flexibility of the new Class MA should be extended further, says James Doherty of Boyer.
UK: UK BTR investment volumes in Q1 2024 reached £433.3 million, down from £1.2 billion in the same period last year, according to new preliminary data from CBRE.
Singapore: Mapletree Investments has acquired 8,192 student housing beds from Cuscaden Peak Investments, in a deal worth £1 billion (S$1.7 billion).
UK: Swiss Life Asset Managers and True North Management have created a partnership to invest in the UK co-living sector, with Swiss Life taking a minority stake in True North.
UK: Dominus, a real estate platform with assets under management of more than £1 billion, and real estate financing firm Cheyne Capital have completed two senior loans worth approximately £400 million to provide development finance for two PBSA developments in the City of London.
UK: Real estate asset management firm Outpost Management, has announced the forward-funding acquisition of a 462-unit development in North Acton, London, through its joint venture with BlackRock Private Markets from developer and contractor, Tide.
UK: One-stop property management solution Opago has announced the acquisition of the assets of defunct proptech company Staykeepers.