Global real estate investment management firm, Heitman LLC (“Heitman”), today announces further growth in its student housing platform with the acquisition of two assets, Studinen and SG 28, in Gjøvik, Norway.
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, 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.
Caleb Mercer, Managing Director, European Real Estate Investment at Heitman, comments: “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.”
As the demand for student accommodation continues to rise, expanding real estate investments through strategic seller partnerships becomes increasingly vital. By collaborating with experienced sellers who understand the local market dynamics, investors can tap into valuable insights and identify lucrative opportunities. This approach not only enhances the chances of securing prime properties but also allows for the optimization of marketing strategies.
Understanding metrics like cost per lead is crucial, as it helps assess the effectiveness of marketing campaigns in reaching potential buyers and ensuring a solid return on investment. Building strong relationships with sellers who specialize in student accommodation can lead to exclusive listings and favorable negotiation terms.
Johan Rasting, CEO of Bo Coliving, adds: “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.
