Amber Beat: Global Student Accommodation Market News - April 2024, Week 03

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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 13- 18

United Kingdom

• Belfast City Council approves major mix-used developments, featuring 14-storey office block , 17-storey student accommodation and 27 social housing units (1)
• Nottingham City Council approves Maven Property's plan to convert a building on Lower Parliament Street into a mixed-use development, featuring 104 student bedspaces alongside ground floor retail units (2)
• Topland receives green light for 585-student apartment development on Greyfriars Road in Cardiff (3)
• Construction progresses on 388 new student flats at Lancaster Gateway near Bulk Road, Parliament Street, and Caton Road (4)
• St Johns Centre in Leeds plans to convert office space into 287-bed student accommodation, launches public consultation (5)
• Hundreds of student flats proposed for former York car dealership site, plan includes 234 units with amenities and parking (6)
• Aurora Eccles School in Quidenham, Norwich plans expansion with 72 new overnight rooms amidst approval from Breckland Council (7)
• Revised plans for Hodder's Manchester student tower, featuring 36-storey scheme to accommodate nearly 600 bedrooms (8)

United States of America

• Civitas Capital Group and The Shelter Companies JV to open ‘UNITi Montrose’, a 9-story, 350 beds mix-use apartment near the University of Houston, with rents starting at $1200 per month (9)
• Bloomington Plan Commission approves construction of 1,143-bedroom student apartment building in student housing zoning district in Indiana (10)
• UNMC seeks approval to develop a new on-campus student housing worth $66 million, anticipated to house up to 300 students (11)
• JLL Capital Markets secures a $43 million construction takeout bridge financing for TRUSOT development's 'Solamar Apartments', a 210-unit BTR project in Kissimmee, Florida (12)

Australia

• Perth's Wellington Street is set to convert 641 and 643 building into an 18-storey mixed-use development for housing up to 540 people with modern amenities (13)
• A total of 200 apartments to be built on the site adjacent to Cedar Woods' Western Australian project at City of Subiaco for $15.5 million (14)
• Griffith University to expand student accommodation to 1000 beds with 11-story tower at Southport Campus; expected to complete by mid 2026 (15)

Europe

• Singapore’s Mapletree Investments buys $1.3B European student housing portfolio from Cuscaden Peak Investments, boosting global holdings to 33,000 beds (16)
• Italy opens fundraising applications for construction of 60,000 university accommodations through Cassa Depositi e Prestiti Portal as part of PNRR housing project, aiming to tackle rent surge and housing shortage (17)
• New student dormitory in Golm, Germany to offer housing for 423 students, easing Potsdam's accommodation crisis (18)
• New student district with 530 rooms to be built opposite KBC Tower in Sint-Denijs-Westrem, Ghent, featuring 76% affordable accommodations and green energy solutions (19)
• Athlone grant planning permission for the construction of a new student housing in Ireland, featuring 26 apartments across five 2 to 3-storey blocks, and 91 additional student units (20)
• New 11-story wing of student depot dormitory in Pozna, Poland to accommodate over 400 students, scheduled for opening in 2025 (21)
• Ixelles initiates a student housing project, with 75% of the 198 units already sold, aiming to reach 500 units by 2026 (22)

Canada

• UTILE plans to establish 109 student apartments to accommodate around 150 students in Rimouski, Quebec, near UQAR, with a $25 million investment (23)
• Canadore College considers converting E.W. Norman and E.T. Carmichael schools into students housing or daycare spaces with a capacity to house upto 75 students (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))