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

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

January 20, 2024
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5 min read

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 January 12-January 19

United Kingdom

  • Manchester City Council planning committee set to approve housing accommodating 5,500 students across key locations, including Fallowfield Campus and Upper Brook Street areas (1)
  • Zenzic Capital unveils £500M UK PBSA strategy in JV with Tortion Group, featuring £147M, 817 beds in 5 projects across Russell Group University locations, aiming to deliver another 1,566 rooms by 2024 year-end (2)
  • Aviva Investors boosts student housing portfolio with £150 million acquisition from Curlew Student Trust, securing 1,000 beds across Edinburgh, Liverpool, Exeter, and Falmouth; Curlew Capital to remain operating partner post-acquisition (3)
  • Graham, a construction firm, obtains £70M contract for transformation of former Royal Mail into 660-bed “True Nottingham” student accommodation project (4)
  • Tri7 and Fusion Group secure planning permission for 541-bed PBSA development in Loughborough, expected to be completed by AY 2027/28 (5)
  • Integritas Property Group secures £11 million funding, backed by Brydg, for the transformation of Deakins Yard into 273-unit student accommodation in Newcastle-Under-Lyme, with construction set to commence this month (6)

United States of America

  • The Bascom Group acquires ‘Texan 26’, a 204-bed student housing community located next to the University of Texas, Austin (7)
  • Matthew Real Estate Investment Services brokered the sale of ‘The Cottages UWG’, a 29-unit student housing complex, near the University of West Georgia, Carrollton for $5.9 million (8)
  • Xavier University of Louisiana plans an $80 million, 600-bed residence hall to address housing shortage amid an influx of out-of-state students (9)
  • Greystone Monticello secures $36.3 million bridge loan for 226-unit Bloomington student housing property near Indiana University using green financing initiative (10)
  • Eagle Bridge Capital arranges $6.67 million in construction financing for a 48-unit student housing facility near UC Davis, California (11)

Australia

  • Willemson Group, a Canberra developer, proposes a 22-story co-living tower with 381 fully furnished one-bedroom units at the Fortitude Valley site (12)
  • Pie News research reveals extensive university-agent partnerships in the Australian higher education market: Southern Cross, Curtin, and Torrens lead with over 430 agencies, while Melbourne collaborates with 11 agencies identified (13)

Europe

  • Liège to introduce 27 new student accommodations and 10 units for vulnerable seniors by 2025, boosted by €1.3M funding in Belgium (14)
  • IPCA unveils €20 Million complex in Barcelos with 133-bed student residence, research center, and 500-seat auditorium, improving academic infrastructure (15)
  • Moraval Group set to transform Pamplona, Spain with 300-bed student residence on Aoiz Street with modern amenities, to be ready in September 2025 (16)
  • Vanguard student housing introduces 'Boutique Residence' concept to Valencia, Spain, offering exclusive living for students with 38 rooms, including premium services at a strategic location (17)
  • Brookfield and Temprano secure €85 Million financing for Livensa Living, expanding student residences, with plans to double portfolio to 20,000 beds by 2028 (18)
  • Jülich, Germany set to welcome 172 student apartments in groundbreaking Eleven-Week Miracle Project with an investment of €30 million, construction to begin in March 2024 (19)

Canada

  • Global Education Communities Corp (GECC) announces a $99.125 million in funding, covering avenues including private equity investments, new mortgage, mortgage refinancing, structured loan, and a Federal guaranteed low-interest loan for student housing sector (20)
  • Canadian government considers reducing international student influx in response to housing challenges; provinces like Ontario, British Columbia, and Nova Scotia may face restrictions as discussions stall, despite the projection of hosting 900,000 international students in 2023 (21)

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

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