Amber Beat: Global Student Accommodation Market News - July 2024, Week 01

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 June 28- July 04

United Kingdom

• Leumi Funds £33M overhaul of Newcastle student accommodation, backing Curation Capital's 416-bedspace refurbishment at Mansion Tyne (1)
• GMI Construction completes £24M Pershore Junction student accommodation in Birmingham, adding 167 beds to Stirchley (2)
• Red Construction takes over the £13M Hollis Wharf student halls project in Bath, targeting completion of 120-bed development by August 2025 (3)
• Hampshire Trust Bank funds £8.4 million student accommodation project in York, delivering 81 units to address growing demand (4)
• Student Roost acquires development sites:'One Medlock' in Manchester and 'The Triangle' Project in Birmingham, adding 1,850 beds to UK portfolio (5)
• Aitch Group completes YourTRIBE Peckham PBSA, adding 267 beds to London's student accommodation market (6)
• Greystar celebrates topping out of Canvas Wembley PBSA with 770 beds, setting new standard in Wembley Park Student Living (7)
• Campus Living Villages plans 1,585-bed student housing in Salford, demolishing 1960s blocks for two 28-storey towers (8)
• TfL Considers Student Accommodation plan 429 beds above Southwark Tube Station, scrapping office scheme (9)
• Durham City Centre redevelopment set for approval; plans include 101-bed hotel and 408 student units (10)
• Magdalen College proposes demolition of Waynflete Building for 76 student bedrooms in Oxford redevelopment plan (11)
• Glasgow approves demolition of office block for new student dwelling, adding nearly 150 studios at 249 West George Street (12)

United States of America

• Subtext secures $99.3M financing for 769-bed VERVE Tempe Development near Arizona State University campus (13)
• Morgan State University to open new off-campus housing for 473 students by Fall 2025 amid campus housing shortages (14)
• A new student apartment complex, Verve Columbia, is to be built with 700-bed and Gen Z amenities; to be open by Fall 2026 (15)
• Landmark, W5 Group JV to acquire 2 acre site to develop 210-unit student community with over 600 beds in Syracuse, New York; set to open in 2026 (16)
• Hawkins Way Capital acquires 122-unit student housing building for $30M from The New School in New York City (17)
• Historic Dolphin Hotel in Southampton to become 99-bed student accommodation, proposal recommended for approval (18)
• Suffolk University acquires 101 Tremont Street for new residence hall, plans housing for upto 290 students by Fall 2026 (19)
• UConn seeks developer proposals for 150-250 bed student housing at Avery Point Campus amid expansion plans (20)

Australia

• Superloop secures AUD $20m investment for Perth's Exal student accommodation project, set to add 900 beds by 2026 (21)

Europe

• UXCO Group expands with €92M acquisition of Ecla Lille-Lomme Co-Living Scheme, adding nearly 800 beds in Lille Area for students and young professionals (22)
• New luxury student residence in Ludwigshafen to offer 337 apartments in Germany, completion by March 2025 with €65 M investment (23)
• German Startup ‘roomies’ launches into Polish PBSA market, aims to develop 2,000 units in 5 years (24)
• University of Huelva opens new residence with 320 rooms and 440 beds in Spain to meet student housing demand (25)
• The Fizz Kraków to expand student housing with 1,000 apartments by mid-2025 in Poland (26)
• IMT Atlantique to expand with two new student residences in Brest, France, anticipates 26% increase in enrollment by 2025 (27)

Canada

• Alignvest Student Housing REIT acquires ‘The Link’, a purpose-built student accommodation at 1680 Lincoln Avenue, Montreal, Quebec, adding 246 beds in a strategic move (28)
• Cégep de l’Outaouais partners with hoteliers to provide accommodation for 150 students, addressing critical housing needs in Gatineau (29)

‍

Sources: ( (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))