ARTICLES LABELLED WITH TAG PBSA

1 Asset Management and Solida Capital have announced a new PBSA (Purpose Built Student Accommodation) project in Warsaw. 1 Asset Management will be acting as the lead investor and asset manager, while Solida Capital Team will act as the main developer and minority investor

The PBSA sector has registered another strong year with occupancy rates and rents rising,  according to the newly released Student Housing Annual Report by Bonard. While soaring inflation, interest rates and rising costs in the last quarter of 2022 have slowed down investment transactions, the overall outlook is positive and experts expect the sector to keep growing in the next two years.

According to Savills, the total investment volume for Purpose Built Student Accommodation (PBSA) in Europe reached €11.7 billion in the first three quarters of 2022, a 130% increase on the same period in 2021 and a record high.

Student housing, co-living and hospitality properties continue to shine in the CEE region. Despite some legal discrepancies, heavily undersupplied, they remain the assets sought-after by investors, claim the experts of CEE Property Forum 2022.

Purpose-built student accommodations are in short supply across the region, but some investors and developers find them very attractive. However, due to the recent dramatic economic changes, companies need to adapt to tougher business conditions and adjust their development pipelines accordingly, says Bálint Botos, Managing Partner of Forestay Group.

The Purpose-Built Student Accommodation (PBSA) sector is recording an increase in rents across Europe, consolidating a trend that has been observed in recent years. On average, rents increased by 9.7% (970 BPS) in the academic year September 2021–September 2022, with some significant spikes in Central and Eastern Europe (CEE), according to research by Bonard. The growth of rents is shaped by the interplay between increased demand and rising inflation and interest rates.

Xior Student Housing has signed a deal with Basecamp Group, European Student Housing Fund I and European Student Housing Fund II to purchase Basecamp's portfolio of private student accommodation for €939 million.

Kamil Kowa, Member of the Board at Savills Poland talked to Property Forum about the rapid development of the Polish private rental sector, its attractiveness for investors and the current state of PBSA industry.

Occupancy levels in purpose-built student accommodation (PBSA) have on average reached pre-pandemic figures in many countries, a new study released by market research and advisory specialist Bonard shows.

A rapid growth in student numbers will drive demand for student housing in the next five years across all larger European university hubs – especially major Spanish and Italian cities, Savills forecasts. Also in Poland, prime PBSA occupancy remains high despite the pandemic and provision of student accommodation is expected to grow soon across Polish cities.