Latest news with #QuadRealPropertyGroup
Calgary Herald
2 days ago
- Business
- Calgary Herald
Developer aiming to resurrect residential highrise project on vacant Eau Claire parking lots
The last two surface parking lots in Eau Claire are slated for the development of a cluster of highrise condo towers in the heart of the downtown community. Article content QuadReal Property Group, the company behind the proposal, envisions eight condo towers complemented by commercial uses, such as restaurants, cafes and convenience retail. Article content Article content The proposed towers would take up two blocks, bordered between 4th and 6th Streets S.W. and Eau Claire Avenue and 2nd Avenue S.W. Article content Article content The 6.3-acre parcel is currently occupied by two public parking lots for Prince's Island Park, a short walk north of the site. The lots are separated by 5th Street S.W. Article content Article content The Calgary planning commission unanimously approved an area redevelopment plan amendment and a rezoning application Thursday for the project. A development permit has not been submitted. Their endorsement comes a decade after a similar 'urban village' concept was considered for the site in 2014, only to be cancelled due to worsening economic conditions. Article content While the application does not mention suggested building heights or unit totals, the developer intends to build a 'high-density, primarily residential development.' The amended Eau Claire ARP would increase the maximum amount of developable space than what is currently allowed. Article content 'The development is envisioned to attract residents whose lifestyle will lend to Eau Claire's proximity to amenities,' it states. Article content Article content Commission members voted 9-0 in support of the land-use redesignation, stating a residential development would provide more economic value than surface parking lots. The commission's vice-chair, Thom Mahler, joked that the land has served as parking for so long that he's surprised it hasn't been designated a historic parking lot by the city. Article content On a more serious note, he said the proposal allows for flexibility when it reaches the development permit stage, and called the parcel a 'unique area' to add more housing. Article content 'I think this is a really good new starting point for this site, and fingers crossed that something happens really soon,' he said. Article content The development would revive a previous proposal from 2014, which envisioned six residential towers ranging from 19 to 33 storeys, 30 two-storey ground-oriented townhomes, a 350-room hotel and 65,000 square feet of retail space — including a grocery store, a public plaza and pedestrian walkway.
Yahoo
3 days ago
- Business
- Yahoo
QuadReal acquires 3,500 bed student housing portfolio for over £500m from Apollo
LONDON, July 31, 2025 /CNW/ - QuadReal Property Group ("QuadReal"), a global real estate investment, development and operating company, has acquired an eight-asset, 3,460 bed purpose-built student accommodation (PBSA) portfolio from Apollo-managed funds and entities. The high-quality portfolio is comprised of assets located in key PBSA markets across the UK, including London, with 75% of the portfolio situated within proximity of prestigious Russell Group universities. All the buildings were developed within the last five to seven years to a high specification, and are well amenitised with gyms, co-working spaces, audio-visual rooms, common areas, and event spaces. Residential is an area of high conviction for QuadReal. PBSA specifically is a resilient and a counter-cyclical asset class that offers stable income, structural demand, and long-term growth potential. With persistent undersupply in key university cities, growing international and domestic student populations, and a shift towards higher-quality, professionally managed accommodation, PBSA provides both defensive characteristics and attractive risk-adjusted returns. The UK PBSA sector is expected to outperform other asset classes over the next few years on the back of resilient market fundamentals. The country has the largest student population in Europe, as well as the highest share of international students, with overall full-time student numbers continuing to rise. The UK market is structurally undersupplied, with an estimated shortfall of 840,000 units expected by 2027. QuadReal has significant experience in the residential and student accommodation sectors. Its global portfolio includes over 65,000 residential units and 28,000 student beds, predominantly in North America and Australia. In the UK, QuadReal has over 8,500 residential units and 1,000 student beds across 29 communities and has delivered more than 1,300 units in 2024 alone, in part via its partnership with Realstar. The asset manager for this portfolio of PBSA is OPRE Solutions. Jay Kwan, Managing Director, Europe, at QuadReal said: "Across our global portfolio, we are highly selective about the assets we acquire, and target markets with strong fundamentals and significant demand drivers. With resilient demand, structural undersupply, and a large cohort of international students, we have been actively looking to grow our PBSA exposure in the UK and this is an opportunity to expand our student housing platform." Kristian Branum-Burns, Senior Vice President, Europe, International Real Estate, at QuadReal said: "This transaction is fully aligned with our fundamentals-driven residential strategy in Europe, and student accommodation is a crucial sector for us. These are high quality, amenity-rich assets servicing in-demand universities across the country, and the portfolio is well placed to deliver sustained rental growth over the coming years." About QuadReal Property Group QuadReal Property Group is a global real estate investment, development and operating company headquartered in Vancouver, British Columbia. Its assets under management are $94 billion. From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities to invest in equity and debt in both the public and private markets. QuadReal invests directly, via programmatic partnerships and through operating platforms in which it holds an ownership interest. QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come. QuadReal: Excellence lives here. SOURCE QuadReal Property Group View original content to download multimedia: Sign in to access your portfolio
Cision Canada
31-07-2025
- Business
- Cision Canada
QuadReal acquires 3,500 bed student housing portfolio for over £500m from Apollo
LONDON, July 31, 2025 /CNW/ - QuadReal Property Group ("QuadReal"), a global real estate investment, development and operating company, has acquired an eight-asset, 3,460 bed purpose-built student accommodation (PBSA) portfolio from Apollo-managed funds and entities. The high-quality portfolio is comprised of assets located in key PBSA markets across the UK, including London, with 75% of the portfolio situated within proximity of prestigious Russell Group universities. All the buildings were developed within the last five to seven years to a high specification, and are well amenitised with gyms, co-working spaces, audio-visual rooms, common areas, and event spaces. Residential is an area of high conviction for QuadReal. PBSA specifically is a resilient and a counter-cyclical asset class that offers stable income, structural demand, and long-term growth potential. With persistent undersupply in key university cities, growing international and domestic student populations, and a shift towards higher-quality, professionally managed accommodation, PBSA provides both defensive characteristics and attractive risk-adjusted returns. The UK PBSA sector is expected to outperform other asset classes over the next few years on the back of resilient market fundamentals. The country has the largest student population in Europe, as well as the highest share of international students, with overall full-time student numbers continuing to rise. The UK market is structurally undersupplied, with an estimated shortfall of 840,000 units expected by 2027. QuadReal has significant experience in the residential and student accommodation sectors. Its global portfolio includes over 65,000 residential units and 28,000 student beds, predominantly in North America and Australia. In the UK, QuadReal has over 8,500 residential units and 1,000 student beds across 29 communities and has delivered more than 1,300 units in 2024 alone, in part via its partnership with Realstar. The asset manager for this portfolio of PBSA is OPRE Solutions. Jay Kwan, Managing Director, Europe, at QuadReal said: "Across our global portfolio, we are highly selective about the assets we acquire, and target markets with strong fundamentals and significant demand drivers. With resilient demand, structural undersupply, and a large cohort of international students, we have been actively looking to grow our PBSA exposure in the UK and this is an opportunity to expand our student housing platform." Kristian Branum-Burns, Senior Vice President, Europe, International Real Estate, at QuadReal said: " This transaction is fully aligned with our fundamentals-driven residential strategy in Europe, and student accommodation is a crucial sector for us. These are high quality, amenity-rich assets servicing in-demand universities across the country, and the portfolio is well placed to deliver sustained rental growth over the coming years." About QuadReal Property Group QuadReal Property Group is a global real estate investment, development and operating company headquartered in Vancouver, British Columbia. Its assets under management are $94 billion. From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities to invest in equity and debt in both the public and private markets. QuadReal invests directly, via programmatic partnerships and through operating platforms in which it holds an ownership interest. QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come. QuadReal: Excellence lives here.
Business Wire
31-07-2025
- Business
- Business Wire
QuadReal Acquires 3,500 Bed Student Housing Portfolio for Over £500m from Apollo
VANCOUVER, British Columbia--(BUSINESS WIRE)--QuadReal Property Group ('QuadReal'), a global real estate investment, development and operating company, has acquired an eight-asset, 3,460 bed purpose-built student accommodation (PBSA) portfolio from Apollo-managed funds and entities. The high-quality portfolio is comprised of assets located in key PBSA markets across the UK, including London, with 75% of the portfolio situated within proximity of prestigious Russell Group universities. All the buildings were developed within the last five to seven years to a high specification, and are well amenitised with gyms, co-working spaces, audio-visual rooms, common areas, and event spaces. Residential is an area of high conviction for QuadReal. PBSA specifically is a resilient and a counter-cyclical asset class that offers stable income, structural demand, and long-term growth potential. With persistent undersupply in key university cities, growing international and domestic student populations, and a shift towards higher-quality, professionally managed accommodation, PBSA provides both defensive characteristics and attractive risk-adjusted returns. The UK PBSA sector is expected to outperform other asset classes over the next few years on the back of resilient market fundamentals. The country has the largest student population in Europe, as well as the highest share of international students, with overall full-time student numbers continuing to rise. The UK market is structurally undersupplied, with an estimated shortfall of 840,000 units expected by 2027. QuadReal has significant experience in the residential and student accommodation sectors. Its global portfolio includes over 65,000 residential units and 28,000 student beds, predominantly in North America and Australia. In the UK, QuadReal has over 8,500 residential units and 1,000 student beds across 29 communities and has delivered more than 1,300 units in 2024 alone, in part via its partnership with Realstar. The asset manager for this portfolio of PBSA is OPRE Solutions. Jay Kwan, Managing Director, Europe, at QuadReal said: 'Across our global portfolio, we are highly selective about the assets we acquire, and target markets with strong fundamentals and significant demand drivers. With resilient demand, structural undersupply, and a large cohort of international students, we have been actively looking to grow our PBSA exposure in the UK and this is an opportunity to expand our student housing platform.' Kristian Branum-Burns, Senior Vice President, Europe, International Real Estate, at QuadReal said: ' This transaction is fully aligned with our fundamentals-driven residential strategy in Europe, and student accommodation is a crucial sector for us. These are high quality, amenity-rich assets servicing in-demand universities across the country, and the portfolio is well placed to deliver sustained rental growth over the coming years.' About QuadReal Property Group QuadReal Property Group is a global real estate investment, development and operating company headquartered in Vancouver, British Columbia. Its assets under management are $94 billion. From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities to invest in equity and debt in both the public and private markets. QuadReal invests directly, via programmatic partnerships and through operating platforms in which it holds an ownership interest. QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come. QuadReal: Excellence lives here.
