US-based global real estate investment management firm Heitman has announced the acquisition of Bo Coliving, a Norwegian student housing platform with over 1,400 beds across 52 properties in 13 cities, on behalf of an affiliate of the firm.
As a part of the transaction, Heitman acquired the majority of the shares in the platform, which specializes in owning and operating properties optimalized for coliving and tailored for students.
Johan Rasting will stay on as CEO together with the current management team. Since 2020, Bo Coliving has grown to more than 1,400 beds across 52 properties in 13 cities across Norway and is working to double its room count within the next 12 months. The long-term plan is to reach 10,000 rooms by 2026.
Source: propertyeu.info on the 20th of March