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

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 May 31-June 06, 2024

‍United Kingdom

• Conygar completes phase 1 of 693-bed student accommodation in Nottingham's Island Quarter, ready for September 2024 intake (1)
• Valeo Management unveils mixed-use development plan including 500-unit student housing at Carrick Street Broomielaw in Glasgow City Centre (2)
• Host secures £85 million forward funding deal for 447-bed PBSA scheme in Bristol's undersupplied student accommodation market, scheduled to be completed by 2026-27 (3)
• Manchester greenlights for construction of 700 student beds across Manner's 37-storey Hotspur Press project and Jadebricks' 15-storey Charles Street scheme, set to be completed by 2028 (4)
• Regal submits £500m plans for Orchard Wharf Development, featuring 1,365 PBSA beds and 208 affordable homes in London Docklands (5)
• Bristol's latest planning applications unveil over 600 new student beds and a new hotel proposal (6)
• Ambassador Group teams up with Far East Orchard and Woh Hup to deliver 273-bed student accommodation in Glasgow's Merchant City, set to be completed by 2026 (7)
• Former Southampton Cannabis Factory site approved for conversion into 2 student accommodation blocks featuring 249-bed in the city centre (8)
• Glencairn receives planning approval for 206-bed PBSA development in Edinburgh's landmark project (9)
• Alumno unveils £24 million Pershore Junction PBSA Project, adding 127 beds to Birmingham's student accommodation market (10)

United States of America

• JLL secures 10-year acquisition financing for K14 campus flats, a student housing property near the University of Oregon in Eugene (11)
• CapitaLand Ascott Trust acquires full ownership of 678-bed student accommodation property in South Carolina (12)
• Purdue Fort Wayne announces partnership with Gilbane to construct new student residence hall, adding 600 beds across 176 rooms by fall 2026 (13)
• Lake Tahoe Community College reaches topping-off milestone in 100-bed on-campus student housing project, set to be ready by Summer 2025 (14)

Australia

• Northern Territory Government and Charles Darwin University to Add 350 Student Beds in New Darwin CBD Facility (15)

Europe

• Precinct Properties announces $100M+ student accommodation tower featuring 500-unit in Auckland as part of $300 million residential development push (16)
• Mayers Buildtech completes the largest off-site construction project in France, delivering 481 modules for student residences in Rennes, France (17)
• Cain International appoints Oliver Cummings as Head of PBSA for European expansion, targets portfolio of 10,000 beds (18)
• Nido Living expands presence in Madrid with Nido Príncipe Pío, delivering 636 beds for students, addressing the city's accommodation deficit (19)

Canada

• Capilano University secures $48M funding for 333 on-campus student housing units in Squamish Campus expansion in British Columbia (20)
• Montreal commits $21.4M to construct 670 student housing units in partnership with UTILE organization (21)
• Nunavut Students to build six energy-efficient housing units featuring three rooms each in Rankin Inlet with $3M support from Pewapun Construction (22)

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