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

About Amber Beat

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 09-16

United Kingdom

• Fusion and Cheyne Capital secure second PBSA site at Brent Cross Town, adding 650 student beds to £275M scheme (1)
• Unite Students adopts Lavanda's Proptech Platform for 68,000-bed portfolio, enhancing efficiency across 151 properties (2)
• Elkstone’s £20M Bradbury Place PBSA with 156 rooms opens for bookings ahead of September 2024 intake (3)
• 33-Storey PBSA Development approved in West London, featuring 888 studios, affordable housing, and commercial space to revitalize North Acton (4)
• 700-bed Winfield Court student accommodation set to open in Nottingham this September, supporting University of Nottingham and Nottingham Trent University students (5)
• Ealing Council approves 10-20 storey mixed-use development with 504 student beds and 35% affordable housing (6)
• Derry's Historic Buildings transformed into 40-bed student accommodation in City Centre revitalization project (7)
• Historic 18th-Century Bristol Pub to be redeveloped into 33-bed student housing near University of the West of England (8)

United States of America

• Morgan State University opens three new residence halls, adding 783 beds to campus in Baltimore, Maryland (9)
• Landmark Properties completes Metropolitan Tampa with 759 beds, 276 units at 2701 E. Fowler Avenue, Tampa; opening August 2024 (10)
• LV Collective completes Rambler Athens, a student housing project, featuring 750 beds across 342 units near the University of Georgia in Athens, Georgia (11)
• San José State converts a 13-floor hotel tower into 700-Bed student residence (12)
• University of Montana breaks ground on 600-bed residence hall; with $100M already invested in campus upgrades, opening Fall 2027 (13)
• University of Kentucky breaks ground on new residence hall with 649 beds; expected to open in fall 2026 (14)
• Purdue University commits over $28M for 427-bed student housing at 501 Indiana Avenue, Indianapolis, starting in 2026 (15)
• University of Evansville unveils $20M ‘Lincoln Commons’, a student housing apartment; set to accommodate 123 students (16)
• Cal State Long Beach to convert Park Tower into 593-bed student housing at 5150 Pacific Coast Highway, Long Beach in California (17)
• Proposed Hub Cypress plans to build 22-story, 265-unit student housing with nearly 1,200 beds to Midtown (18)

Australia

• Local Residential launches first stage of $315M Kensington BtR project with 477 apartments (19)
• Starryland to invest $39M in 32-storey Granville project with 492 apartments (20)

Europe

• University of Malaga unveils €65M student residence project, featuring 800-bed facility, expected to be complete by 2027 (21)
• Lublin to get new private student dormitory with 65 rooms and 10 parking spaces as building permit application submitted (22)
• roomies acquires PBSA portfolio from 6B47, including building permits for projects in Warsaw and Wrocław; construction to begin later this year (23)

Canada

• Watermark Group proposes student housing development with 451 units on Academy Way near UBC Okanagan (24)

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