Heitman has acquired a student housing project in Trondheim adding 218 beds in 102 apartments to its Norwegian student housing platform.
Steinan Studentby comprises two buildings which will become part of Heitman’s Bo Coliving platform which it acquired in March 2023, gaining a portfolio of more than 1,400 beds in 52 properties across 13 Norwegian cities.
“In our view, Europe continues to be highly attractive for student housing investments,” said Heitman managing director European real estate investment Caleb Mercer.
“When we acquired Bo Coliving in March our focus was on developing a high-quality student housing platform in a highly fragmented market and, in doing so, meet the demands of students and universities. Today’s announcement is the next stage in that journey.”
Heitman, which has 20 years’ experience in the student housing sector, said the latest acquisition aligns with its strategy of growth and expansion of Bo Coliving and its objective is to improve the quality of student accommodation to an institutional standard.
“Our relationship with Heitman is going from strength to strength,” said Johan Rasting, CEO of Bo Coliving. “By adding these two properties to our platform, we move towards realising our ambition to work 10,000 student beds in Norway by 2026.”