Amber Beat: Global Student Accommodation Market News - February 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 February 09-February 15

United Kingdom

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• Karis Capital secures £25.25M development loan for Zenzic Capital and Torsion Group's 183-bed student accommodation project in Leeds (1)
• Amber raises $21 million to transform student housing for international students, targeting a market share of $60 billion in the US, UK, Ireland, Australia, and Canada (2)
• Vita Group puts forward plans to transform the former Glasgow O2 venue set into new 371-bed student accommodation and 'House of Social' food hall (3)
• The Social Hub, formerly known as The Student Hotel expands into the UK with the grand opening of its community-focused 494-room accommodation, expected to open in April 2024 (4)
• Dundee City Council plans for a $20 million,152-flat student accommodation at 56 Brown Street, set for approval despite objections from local community (5)
• BLG Development Finance backs a joint venture between Asset Capital and Prescient Capital for renovation of Victoria Commercial & Family Hotel into 54-room student accommodation in Leeds (6)
• Real estate developer "Downing" submits plans to redevelop Nelson Street Car Park in Bristol into 20-storey student accommodation with 565 beds (7)
• Plans submitted to transform the former Fielding Johnson Hospital in Leicester into 200-bed student accommodation block with comprehensively revised changes (8)
• UEL plans to build affordable 27 studio flats and 623 single rooms, receives backlash from over 200 residents citing property price concerns (9)

United States of America

• Scion Student Communities expands its portfolio by securing a $380 million credit facility to refinance 11 off-campus student housing properties near colleges in the southern US region (10)
• Greystar wins the bid to redevelop University of Washington's four off-campus student housing facilities; plans include expanding 'Blakeley Village' from an 80-unit apartment to 1000 single units and transforming 'Laurel Village' from an 80-unit apartment to a 250-apartment community (11)
• Greystar completes construction of $282 million 'Academe at 198', a 14-storey student housing complex including 667 beds for students at UC Law SF and nearby universities (12)
• Florida A&M University’s $75M, 700-bed student residence hall project proceeds a step forward, awaiting loan to begin construction in March 2024 (13)

Australia

• University of Newcastle plans to file $80-million purpose-built student accommodation project at 20 Civic Lane with 450 beds in March 2024 (14)
• Multiplex secures the contract for a 15-story student housing project  with 464 beds in Carlton, designed by Jackson Clement Burrows Architects, project set to be completed in 2025 (15)  

Europe

• Vulture Funds captures major Dublin student housing market share, with 7,538 beds – surpassing DCU, UCD, and Trinity combined, reveals Sinn Féin Research (16)
• Scape Dublin Student Accommodation, near Royal College of Surgeons, hits market for €80M, offering 298 beds with a €5.2M income projected for 2024/25 AY (17)
• DeA Capital, Partners Group, and Camplus launch Pan-European student accommodation platform with 8,300 m² land acquisition in Barcelona, Spain and 448-bed project in Paris, France (18)
• Dublin City Council rejects 941-bed student accommodation proposal on Naas Road, citing failure to align with the '15-Minute City' principle and limited access to services & amenities (19)
• Minister Harris announces groundbreaking policy to fund on-campus student accommodation, including ATU Sligo bid, aiming to ease pressure on private rental market (20)
• YWCA and Colliers seek buyers for No 64 Lower Baggot Street, with 21 bedrooms, sets guiding price at €3.5M (21)

Canada

• Cégep de Trois-Rivières, Quebec to receive an $8 million grant from the  Government of Quebec to facilitate the acquisition of a student residence comprising 100 rooms (22)

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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) )

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