Savills brings full let purpose-built Swedish student accommodation to market
Savills has been instructed by student housing platform Valeo to market a modern 168-bed purpose built student accommodation (PBSA) investment opportunity in Sweden.
Fully let since it was completed in 2015, the asset is located on the University of Gävle campus, one of Sweden’s most popular university colleges, and home to 16,000 students.
With a net internal area (NIA) of approximately 4,200 sq m (5,318 sq m gross), apartments are on average 25 sq m in size and feature high quality appliances, French balconies, bicycle storage and 17 car parking spaces. The property is easily accessible via public transport as well as by car, bike or on foot. Gävle city centre can be reached in seven minutes by bus. The area benefits from new developments, including residential properties and a grocery store, as well as several planned projects, such as the expansion of the university campus.
Mikael Fastén, Director, Savills Sweden, says: “According to Gävle municipality, there is currently a significant supply/demand imbalance, with only 1,070 purpose built student accommodation (PBSA) beds for almost 8,800 full-time students. With the vast majority of students coming from other parts of Sweden or abroad, and overall student numbers rising by 11% between 2018 and 2020, this asset is well placed to continue to benefit from high demand and full capacity.”