Amber Beat: Global Student Accommodation Market News - December 2023, Week 02

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 December 09-14, 2023

United Kingdom

• Long Harbour and Rosethorn Capital Partners form strategic partnership to expand its operations into PBSA sector, targeting 10,000 beds across UK university towns in 5–7-year plan (1)
• County Durham Council begins investigation into hundreds of HMOs with expired safety certificates to ensure student housing meets health and safety standards (2)
• Urbium Capital's £23M under-construction ‘Arcadian’ student accommodation scheme with 293 apartments joins EVO Student portfolio by Homes for Students in Nottingham city centre (3)
• Town Centre Securities unveils ambitious plans for the next phase of their Merrion Centre in Leeds, introducing 1,110 student bedrooms, co-working spaces, and amenities in a major transformation project (4)
• Newtide Investment Limited gets approval for eight-storey, 215-room student accommodation to transform former Dundee nightclub site on South Ward Road (5)
• Plans for 248-bed student accommodation and National Mathematics and Science College facility submitted in Coventry, planning officers highlight benefits on the backdrop of local objections (6)

United States of America

• Yale University, Connecticut breaks ground on “The Living Village”, a 45,000 sq. ft. student housing complex ranging from micro studios to one and two-bedroom apartments, becoming the nation’s largest student housing project (7)
• Tailwind Group acquires ‘Ozark Villas’, a 670-bed luxury student housing complex near the University of Arkansas in Fayetteville, for an undisclosed amount (8)
• UC Santa Cruz officials announce plans to add 3,000 beds on campus; the long-delayed project “Student Housing West”, construction expected to start in Spring 2024 (9)
• Lynn University, Florida to expand its student housing portfolio with new affordable residence halls, adding up to 550 new beds by Fall 2025 & 2027 (10)
• Syracuse University, New York plans to convert an 8-storey luxurious apartment building into a dorm for its second-year students; rooms available for occupancy by Fall 2024 (11)

Australia

• The Australian Government to tighten immigration rules to cut down international student numbers to 250,000 by June 2025 (12)
• Australia to implement reforms in temporary graduate visa terms, aiming to "strengthen and simplify" the system by mid-2024, with a focus on policy changes affecting the duration of post-study work rights (13)

Europe

• North Rhine-Westphalia funds €21.5 million to real estate company DDF KG for 232-bed new student residence in Jülich, Germany, construction to begin in Spring 2024 (14)
• Ca' Foscari inaugurates 142-bed student residence in Venice, Italy, accommodation rent ranging from €150 to €420 (15)
• University of Galway, Ireland inaugurates new student accommodation ‘Baile na Breacóige’, Dunlin Village, with 674 bedrooms (16)
• European Investment Fund commits €300 million for social housing in Italy, including 10,300 student beds to be added (17)
• Merkel Capital procures land in Madrid for a 670-bed student residence near Polytechnic University, set to be managed by Yugo, construction to begin in 2024 (18)
• City Planners greenlight 60-bed student accommodation complex at Moneenageisha Cross in Wellpark, Ireland (19)
• Bologna, Italy to welcome two new private student residences offering over 1200 beds, completion expected by 2025 (20)

Canada

• North Island College begins construction of its first student housing in Comox Valley comprising 217 beds, with $68.5 million in funding from B.C. Government; completion set for 2025 (21)
• University of King's College receives $1M donation from the family foundation of the Chancellor for 287 new student residences (22)

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