Key investors and their strategies in the expansion of European student housing investment

The aim of this paper is to understand the expansion process of investment into Purpose Built Student Accommodation (PBSA) in Europe by examining transformations in student housing investment landscapes and uncovering the profiles and strategies of key investors between 2010 and 2020. Using data from Real Capital Analytics, trends in capital structures and profiles of PBSA investors are identified. Investors driving these trends are scrutinised in terms of their investment timelines, locations, hold periods and strategies of portfolio diversification. Furthermore, in-depth interviews with property analysts, PBSA investors, and developers substantiate the quantitative analysis. The empirical results show that Private Equity entered the European PBSA market, starting with the UK, when the yield premium post-GFC justified the perceived risk. Equity funds typically hold their portfolios for around five years and trade counter-cyclically with institutions such as pension funds. PBSA specialists, mainly REITs, have accumulated substantial portfolios, and the REIT structure is well-suited to the steady income which student rents should provide, but their lack of diversification leaves them vulnerable to changes in student demographics and accommodation requirements

Approaches in biotechnological applications of natural polymers

Natural polymers, such as gums and mucilage, are biocompatible, cheap, easily available and non-toxic materials of native origin. These polymers are increasingly preferred over synthetic materials for industrial applications due to their intrinsic properties, as well as they are considered alternative sources of raw materials since they present characteristics of sustainability, biodegradability and biosafety. As definition, gums and mucilages are polysaccharides or complex carbohydrates consisting of one or more monosaccharides or their derivatives linked in bewildering variety of linkages and structures. Natural gums are considered polysaccharides naturally occurring in varieties of plant seeds and exudates, tree or shrub exudates, seaweed extracts, fungi, bacteria, and animal sources. Water-soluble gums, also known as hydrocolloids, are considered exudates and are pathological products; therefore, they do not form a part of cell wall. On the other hand, mucilages are part of cell and physiological products. It is important to highlight that gums represent the largest amounts of polymer materials derived from plants. Gums have enormously large and broad applications in both food and non-food industries, being commonly used as thickening, binding, emulsifying, suspending, stabilizing agents and matrices for drug release in pharmaceutical and cosmetic industries. In the food industry, their gelling properties and the ability to mold edible films and coatings are extensively studied. The use of gums depends on the intrinsic properties that they provide, often at costs below those of synthetic polymers. For upgrading the value of gums, they are being processed into various forms, including the most recent nanomaterials, for various biotechnological applications. Thus, the main natural polymers including galactomannans, cellulose, chitin, agar, carrageenan, alginate, cashew gum, pectin and starch, in addition to the current researches about them are reviewed in this article.. }To the Conselho Nacional de Desenvolvimento Cientfíico e Tecnológico (CNPq) for fellowships (LCBBC and MGCC) and the Coordenação de Aperfeiçoamento de Pessoal de Nvíel Superior (CAPES) (PBSA). This study was supported by the Portuguese Foundation for Science and Technology (FCT) under the scope of the strategic funding of UID/BIO/04469/2013 unit, the Project RECI/BBB-EBI/0179/2012 (FCOMP-01-0124-FEDER-027462) and COMPETE 2020 (POCI-01-0145-FEDER-006684) (JAT)

The proximate composition of three marine pelagic fish: blue whiting (Micromesistius poutassou), boarfish (Capros aper) and Atlantic herring (Clupea harengus)

peer reviewedThis study presents data from an in-depth proximate compositional analysis of three marine fish species: blue whiting (Micromesistius poutassou), boarfish (Capros aper) and Atlantic herring (Clupea harengus). These fish contained significant amounts of protein (16–17%), lipids (4–11%) and minerals (2–6% ash). The proteins, particularly from boarfish, had close to optimum amino acid profiles for human and fish nutrition. They compared favourably with other fish species in terms of total lipids and relative concentration of the omega-3 fatty acids docosahexaenoic acid and eicosapentaenoic acid (11.8–13.3% and 5.9–8.1% in triacylglycerols [TG] and 24.6–35.4% and 5.8–12.0% in phospholipids [PL]). Atlantic herring had the highest lipid content among the three fish and was found to contain high levels of PL poly-unsaturated fatty acids, including omega-3 fatty acids. Minerals detected in the fish included calcium (272–1,520 mg/100 g), phosphorus (363–789 mg/100 g), iron (1.07–2.83 mg/100 g), magnesium (40.70–62.10 mg/100 g), potassium (112.00–267.00 mg/100 g), selenium (0.04–0.06 mg/100 g), sodium (218.00–282.00 mg/100 g) and zinc (1.29–5.57 mg/100 g). Boarfish had the highest ash fraction and also the highest levels of all the minerals, except potassium. Atlantic herring had considerably lower mineral content compared with the other two species and, levels detected were also lower than those reported in previously published studies. Heavy metals contents were quantified, and levels were significantly below the maximum allowable limits for all elements except arsenic, which ranged from 1.34 to 2.44 mg/kg in the three fish species. Data outlined here will be useful for guiding product development. Future studies would benefit from considering catch season, sex and developmental stage of the fish

A Pilot Randomized Controlled Trial to Explore Cognitive and Emotional Effects of Probiotics in Fibromyalgia

It has recently been found that microbes in the gut may regulate brain processes through the gut microbiota–brain axis, which modulates affection, motivation and higher cognitive functions. According to this finding, the use of probiotics may be a potential treatment to improve physical, psychological and cognitive status in clinical populations with altered microbiota balance such as those with fibromyalgia (FMS). Thus, the aim of the present pilot study with a double-blind, placebo-controlled, randomised design was to test whether a multispecies probiotic may improve cognition, emotional symptoms and functional state in a sample of patients diagnosed with FMS. Pain, impact of FMS, quality of life, anxiety and depressive symptoms were measured during the pre- and post-intervention phases; participants also completed two computerised cognitive tasks to assess impulsive choice and decision-making. Finally, urinary cortisol concentration was determined. To our knowledge, this is the first study that explore the effect of a multispecies probiotic in FMS patients. Our results indicated that probiotics improved impulsivity and decision-making in these patients. However, more research is needed to further explore the potential effects of probiotics on other cognitive functions affected in FMS as well as in other clinical populations

Fatty acid profiles and fat contents of commercially important seawater and freshwater fish species of Turkey: A comparative study

The fat content and fatty acid compositions of edible muscle of commercially important seawater and freshwater fish species were investigated. The fatty acid compositions of seawater fish species were found to be 25.5-39.4% saturated (SFA), 13.2-29.0% monounsaturated (MUFAs) and 25.2-48.2% polyunsaturated acids (PUFAs), whereas the fatty acid compositions of freshwater fish from Lake Seyhan consisted of 28.0-34.6% saturated (SFA), 10.7-22.7% monounsaturated (MUFAs) and 23.2-43.7% polyunsaturated acids (PUFAs). The proportions of n3 PUFAs of seawater fish (ranging from 22.6 for waker to 44.2% for blue fish) were higher than those of n3 PUFAs of freshwater fish (ranging from 11.5% for North African catfish to 28.4% for zander). However, the levels of n6 PUFAs of seawater fish (ranging from 0.43% for blue fish to 14.4% for sea bass) were lower than those of n6 PUFAs of freshwater fish (ranging from 5.27% for kutum to 16.8% for tench). The results showed that fatty acid profiles of most freshwater fish are basically comparable to those of seawater fish as sources of PUFAs. © 2006 Elsevier Ltd. All rights reserved.SUF2005BAP11This work has been carried out with the financial support of Cukurova University within the Research Project (SUF2005BAP11)

Hydrolysis and oxidation of European eel oil during frozen storage for 48 weeks

The quality assessment of the wild European eel (Anguilla anguilla) stored at -20 °C was assessed by sensory, chemical (total volatile basic nitrogen (TVB-N), peroxide value (PV), free fatty acid (FFA), thiobarbituric values (TBA) and pH) methods. The sensory analysis of showed that European eels were acceptable by panellists and can be stored for more than 48 weeks at -20 °C. No effects of frozen storage were observed on the proximate composition of eel. The level of TVB-N showed fluctuations (7.09-14.72 mg TVB-N/100 g) during frozen storage period, thus TVB-N could not be used as an indicator of frozen eel quality. FFA, PV and TBA values showed fluctuations during frozen storage period but remained low at the end of storage period, PV reached to the maximum level of 13.20±1.73 meq/kg, which did not exceed the maximum recommended value for human consumption (20 meq/kg). The release of FFA slightly increased (P>0.05) from the initial value of 0.88 to 2.14 (expressed as % of oleic acid) until 32 weeks of frozen storage while TBA increased from the initial value of 0.085 mg MA/kg to maximum level of 0.7696 mg MA/kg after week 40. After that, their values decreased to 1.82 and 0.5577 at week 48, respectively. This study showed that off-flavour and off-odour was not detected and frozen European eels were still acceptable by panellists and can be stored for more than 48 weeks at -20 °C. © Springer-Verlag 2006