Realcast: PBSA, health and science step up, funds’ closure success, help for UK homeless

In the spotlight this week…..

More on hot sectors student housing, life sciences and healthcare.

On the student housing front, Xior student housing consolidated its position as the biggest provider of PBSA in continental Europe by acquiring the assets of Basecamp for € 939 million.

In the life science sector, IQ spaces has been launched to provide modern lab and research spaces in Germany and in healthcare, Italian asset manager Kryalos has signed a deal with French senior living and nursing home specialist Euryale for a €300 million healthcare fund. It will particularly target assets in northern Italy. Meanwhile, La Francaise makes its first healthcare foray outside France acquiring an asset in Dublin.

Healthcare is also one of the key themes in the latest edition of Real Asset Impact in which Primonial CEO Juergen Fenk emphasises the company’s focus on the social aspect of ESG.

And in other markets, while Commerz Real announced the acquisition of a 25,500 sq m  building in Washington DC, there have been a number of notable fund closings such as the €900 million first close of the Hines European Value Fund 3. The fund is already at 60% of its €1.5 billion target.

Nuveen real estate has also completed the first close of its fourth European Commercial Real Estate debt series, securing €150 million in initial commitments towards its target of €500m

And in the UK, Home REIT which funds accommodation for homeless people raised around £263 million having increasing its target from £150 million due to popular demand.

Click on the video to see the full discussion or listen to the podcast below.