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 Gj酶vik, in a deal that adds 101 beds to Heitman鈥檚 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: 鈥淲e 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.鈥�
Johan Rasting, CEO of Bo Coliving, said: 鈥淗ot on the heels of the Steinan Studentby, this deal proves that our relationship with Heitman continues to be a successful one. With Heitman鈥檚 expertise behind us, we鈥檙e on the road to providing more students with great homes.鈥�
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