Amber Beat: Global Student Accommodation Market News - August 2024, Week 05

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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 23-29

United Kingdom

• Woolwich's Riverside House set for transformation into 597-unit student accommodation and hotel complex (1)
• Valeo Management proposes 500-bed student accommodation in Glasgow's Carrick Street as part of mixed-use development (2)
• Wrexham University plans 322-bed student accommodation on Plas Coch Campus amidst controversial past developments (3)
• Far East Orchard launches £100M fund for UK Student Accommodation; first closing secures £70M for 273-bed Glasgow Project (4)
• H H Donnelly House undergoes £7.5M refurbishment to modernize 127 student bedrooms and boost energy efficiency by 2025 (5)
• Plans submitted for 102-bed PBSA opposite UCLan Burnley Campus, featuring 41,700 sq ft of living space (6)
• Plans for Glasgow's 146-bed listed building conversion at 250 Vincent Street to become 150-bed student accommodation (7)
• Nottingham Cinema to be demolished for student accommodation tower to offer 81 beds; Developer Zen Nottingham Limited to contribute £305,073 (8)

United States of America

• Harrison Street and Greystar to develop 344-unit, 649-bed student housing facility at University of Kentucky, Lexington (9)
• Core Spaces develops ‘Hub Raleigh’ with 2,195 beds and extensive amenities near North Carolina State University; set to open by summer 2026 (10)
• University of Utah to build new 1,449-bed student housing on Kahlert Village parking lot with $151 million investment, ready by fall 2026 (11)
• The University of Texas at El Paso to add 1,000 new beds to campus housing, with plans to upgrade existing facilities in El Paso, Texas (12)
• Boise State University unveils ‘The Osprey’, a 250-bed student housing complex with $300,000 IT investment, on South Lusk Street; set to open in August 2024 (13)
• Portman, 908 Group, Canyon Partners, and PTM Partners secure $73.3M in funding from Pacific Life for launching ‘The Hall’, a 191-units and 674 beds student housing project on Florida State University campus in Tallahassee; set to completed by spring 2026 (14)
• Golisano Institute partners with Roberts Wesleyan for Sittig Hall renovation, offering new single-bedroom housing in Rochester, starting 2024-25 school year (15)
• Umpqua Community College invests in converting three historic buildings into student housing in downtown Roseburg, with new dorms and apartments set to open in Southern Oregon (16)
• Okanagan College opens new student housing with $75.1M investment, adding 377 beds at Vernon and Kelowna campuses; third phase set for Salmon Arm in early 2025
• FISH Student Housing opens in Carson City, offering affordable 1-2 bedroom units to support adult learners and families (18)
• The University of South Carolina reveals master plan for Columbia campus expansion, including a new wing on the Honors College residential hall set to house 150 students, and a $300 million new School of Medicine building starting in 2025 (19)
• Holder Properties announces ‘Gateway 737’ with 940 beds and 12,500 sq ft of retail space in downtown Columbia; with first move-ins planned for August 2025 (20)
• SR Real Estate Partners and Circle Squared secure $77M for ‘Junction 49’, a 754-bed student housing community at at 7600 University City Blvd. in Charlotte (21)
• Emory University opens 'The Ridge' with 535 beds for graduate students on Atlanta campus; Phase I completed in August 2024 (22)
• Core Spaces plans 22-story ‘Hub Cypress’ with 1,194 beds and 265 units at Cypress and 7th Streets in Midtown Atlanta (23)
• San Francisco State University unveils West Grove Commons with $116M state grant, and 440 residents eligible for reduced housing rates in new freshman dorm on campus (24)

Australia

• Allens advised Campus Living Villages on financing a new 11-storey student accommodation at Griffith University, Queensland. The facility, funded through a public-private partnership, will add 460 beds to the existing Griffith University Village (25)

Europe

• Jülich Student Dormitory reopens after €8.6M renovation featuring 250-room facility ready for winter semester (26)
• Narxoz University unveils Kazakhstan's first student residence at $15M Emen Facility opens with 424 beds in Almaty (27)
• Grupo Lar and BlackRock to invest €400M in Madrid’s María de Molina 50 to be transformed into 153 luxury homes and 400-bed student residences (28)
• OODA unveils Hoso Tower in Porto featuring 13-story cylindrical student residence completed in 4 months (29)
• Moncada opens Tradere Student Residence featuring 60-room facility in historic 1781 Mansion launches with extensive amenities (30)

Canada

• The Government of British Columbia announce its largest investment in on-campus student housing, adding over 1,500 new beds to the University of British Columbia’s Vancouver campus (31)

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

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