Hines launches new European student housing platform
Hines has launched a new student housing platform in the United Kingdom and Ireland. The platform, called Aparto, coincides with the acquisition of one asset and two further developments, comprising more than 1,000 bed spaces.
Aparto has been unveiled at its operational sites in Ireland and will be rolled out across the firm’s other student housing developments in Ireland, the United Kingdom and continental Europe once completed.
In Ireland, Hines has completed the acquisition of the Montrose student housing development, adjacent to the country’s largest university, University College Dublin. The 205-bed property has been acquired from Ziggurat for €37.675 million ($40.14 million) following its redevelopment.
In the United Kingdom, Hines recently acquired two development sites in Lancaster and Exeter. Planning consent has been secured for a 632-bed development in Lancaster, incorporating a range of shared facilities including a roof-level lounge, library,