Amber Beat: Global Student Accommodation Market News - April 2024, Week 02

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Missed keeping track of all the latest happenings in the student accommodation market?

Amber Beat is a weekly snapshot of the key developments in top student accommodation markets.  This newsletter provides you with all the information you need to know, from new upcoming projects to current trends, news affecting students to government policies, we’ve got you covered!

Amber Beat | News from April 06- 12

United Kingdom

• Unite Students to deliver 1,450 new beds in London and Bristol for students, anticipates rental growth of 6% for 2024/25 academic year (1)
• Cardiff skyline set to soar with 28-storey, 585-bed student accommodation and commercial hub (2)
• Southampton's iconic Dolphin Hotel set to transform into student accommodation with 99 beds (3)
• Kexgill Ltd to transform the Derelict Nottingham building into student accommodation with 49-bedrooms (4)
• New Liv Student Sheffield development adds 69 extra beds to Ecclesall Road scene (5)
• Cornwall Pub to transform into student accommodation with 40-50 beds and convenience store (6)
• Historic Bedminster Church set to become 40 student flats and community hub (7)
• Controversial 57m tower with 437 student apartments proposed for Brunner Road, sparking outcry over sunlight loss (8)

United States of America

• Villas Student Housing and Student Quarters JV breaks ground on a 605-bed student housing facility near the University of Tennessee campus in Knoxville, with construction anticipated to be concluded in Summer 2026 (9)
• The University of Maryland begins the demolition of the 625-bed Old Leonardtown community to replace it with an 800 units student housing complex, with rent starting from $975 and completion scheduled for Spring 2026 (10)
• Time Equities acquires ‘The Armory’, a 504-bed student housing development near Sam Houston State University in Huntsville, Texas, for $25.75 million (11)
• Capstone Collegiate Communities reveals plans to develop a 448-bed student housing community near the University of Arizona, with construction expected to begin in August 2024 and last till August 2027 (12)
• Blue Vista Capital Management secures a $53.5 million loan from Prudential Insurance to re-finance the ‘The Theory at U District’, a 441-bed student housing complex located near the University of Seattle, Washington (13)
• Hines enters the build-to-rent market with its first purchase of ‘Blu South’, a 551-unit Class-A BTR community in Charlotte, North Carolina (14)

Australia

• Scape Australia and APG Asset Management propose to develop 1,000 purpose-built student accommodation (PBSA) apartments at Queen Victoria Market in Melbourne evaluation up to $1.7 billion Gurrowa Place development (15)
• Melbourne's planning committee approve Ashe Morgan's $240 million build-to-rent (BTR) project that includes 925 apartments in a double-tower structure (16)
• Cambridge RE Partners acquires 592-bed student housing property for A$116 million, marking the second investment in three months (17)

Europe

• Medinvest and King Street to invest €40 million in Zaragoza's largest student residence, offering 670 places by 2025 (18)
• Bravo Students invests €30 million to build a 626-bed student residence in Guadalupe, Murcia, continuing expansion across Spain (19)
• Spain2Stay, a subsidiary of Holland2Stay, invests €25 million to construct a 357-bed student residence in Granada's PTS, promising high sustainability and large living spaces (20)
• Rennes, France, plans construction of 268 student accommodations by 2027, anticipating growth of 5,000 students by 2030 (21)
• Nido Living's Nido Malvarrosa in Valencia, Spain, offers 253 beds, catering to the city's high demand for student accommodation (22)
• Red Rock proposes a 10-storey, 225-bed student accommodation scheme in Dublin 4 amid student housing crisis (23)

Canada

• Ontario considers adding student accommodation to housing definition in bid to reach 1.5 million homes by 2031 (24)

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Sources: ( (1), (2), (3), (4), (5), (6), (7), (8), (9), (10), (11), (12), (13), (14), (15), (16), (17), (18), (19), (20), (21), (22), (23), (24))