Heitman has made two student housing acquisition, Studinen and SG 28, in Gjøvik, Norway.
The financial terms were not disclosed.
Gjøvik is one of the largest student markets in Norway, strengthened by the presence of Norway’s largest university, NTNU. The purchase of Studinen and SG 28 adds 101 beds in total across two properties to Heitman’s portfolio. This transaction, following the recent acquisition of Steinan Studentby in Trondheim, Norway, further adds to the breadth of Heitman’s assets in the student housing sector.
Following the acquisition, the assets will become part of the Bo Coliving business, which aligns with Heitman’s goal of developing a high-quality student housing platform to meet the demands of students and universities.