Heitman has acquired two student housing assets in Norway for an unspecified amount.
The global real estate investment manager bought the Studinen and SG 28 properties in Gjøvik, in a deal that adds 101 beds to Heitman’s student housing portfolio.
The latest transaction follows the recent acquisition of Steinan Studentby, a business that owns 218 beds in 102 apartments across two buildings in Trondheim, a deal made on behalf of the Australian Retirement Fund (ART).
Heitman said once the latest acquisition is completed, the assets will become part of the Bo Coliving business, a platform managed on behalf of ART.
Caleb Mercer, managing director of European real estate investment at Heitman, said: “We are delighted to expand our existing Norwegian student accommodation investments into the Innlandet region as we continue to back the growth of the Bo Coliving business and management team.”
Johan Rasting, CEO of Bo Coliving, said: “Hot on the heels of the Steinan Studentby, this deal proves that our relationship with Heitman continues to be a successful one. With Heitman’s expertise behind us, we’re on the road to providing more students with great homes.”
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