Amber Beat: Global Student Accommodation Market News - August 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 August 02-08

United Kingdom

• UC Berkeley’s $268M Anchor House started intake, featuring a 14-storey, 772-bed residence for transfer students (1)
• Bricks Group secures £84.5M for 752-bed Nottingham PBSA, transforming Bendigo Building (2)
• Blacklight secures £33M refinancing from AIB for £100M Limelight PBSA in Liverpool, featuring 535-bed scheme (3)
• Construction begins on Queen’s University’s 459-bed student accommodation and Kainos’ $160M HQ in Belfast (4)
• East Street in Bedminster to welcome 819 students in largest PBSA complex as part of major transformation
• GCC Investors to allocate $4 billion annually to UK Commercial Property, with a focus on student accommodation (5)
• Moda Living proposes 700-bed student accommodation in Central Southampton, featuring studios and cluster flats (6)
• 706-bed Bristol student accommodation project faces second planning document rejection amid ongoing delays (7)
• Verto wins planning approval for World’s First Zero-Carbon PBSA Village with 1,858 beds in Falmouth (8)
• AHMM receive approval for 106 homes and 502-bed student accommodation at Queen Elizabeth Olympic Park, expected to be complete in 2027 (9)
• Canada Life and UWE get green light for 330-bed Bristol PBSA near Frenchay Campus; construction starts in Q3 2024 (10)
• OakNorth provides funding for OMNI developments’ 222-bed, six-storey student accommodation project in Nottingham (11)
• Haymarket Yards student project reaches key milestone with structural steel framework complete for 156-unit facility (12)
• Kexgill Group secures refinancing deal with Aldermore for seven PBSA properties near the University of Hull (13)
• Carrick Properties and CAQN Ltd submit plans for 195-bed student accommodation on former Glasgow nightclub site (14)

United States of America

• Eastern Michigan University unveils 700 new apartment-style units for upperclassmen as part of $200M welcome home 2025 initiative (15)
• Sacramento State breaks ground on $69M student housing III, featuring 285 affordable beds, 40 standard beds, opening June 2026 (16)
• Purdue University approves $28M lease for 427 student apartments in New Indiana Avenue Development (17)
• Bridgeview Real Estate launches $27.2M DST for student housing at Texas Christian University and University of Texas at Arlington, featuring 125 units (18)
• Tailwind JV acquires 480-bed Campus Trails in Starkville for renovation, Its fourth purchase of 2024 (19)
• UND to lease space for 50 additional students, addressing surge in housing demand for 2024-25 academic year (20)

Australia

• Greystar tops out the $500M South Yarra project at 35 Claremont Street in Melbourne with 617 apartments (21)
• Amalgamated Property Group unveils Canberra's First BTR Development with 156 units, opening September 2024 (22)
• Built Development Group proposes a 29-storey BtR tower with 320 apartments in Liverpool, New South Wales, adding to $7.5 billion project pipeline (23)
• Nine-storey development to bring 152 Build-to-Rent apartments ’Wirra Mikangka’ to Eastwood, supported by $2B Social Housing Accelerator program (24)

Europe

• University of Messina invests €3.6M in redevelopment of former Hotel Riviera into student residence, expected to be operational by 2025 (25)
• Lamotte’s ‘Campus Rennes Gare student residence’ in Rennes, Brittany, to add 1,000 furnished apartments to meet the growing demand (26)
• Castellón to expand student housing with new residences adding 183 places, boosting the total to 523 by January 2025 in Spain (27)
• New student residence "Toulouse Stadium" opens with 171 furnished units near Garonne River in France (28)
• Vicuña invests over 90 million Pesos in expanding student residence in La Serena, expected to be complete this year (29)
• UNER opens new student housing in Paraná, Argentina, featuring 31 Beds; built on donated land (30)

Canada

• Nova Scotia Community College opens $16.1 million on-campus residence for 50 students in Pictou, ready for September 2024 (31)
• UTILE announces 150 modular student housing units on Alcide-C.-Horth Street in Rimouski, ready for summer 2025 (32)
• Ontario eases regulations to speed up student housing construction, announces two new buildings at Western University (33)  

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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), (25), (26), (27), (28), (29), (30), (31), (32), (33))