Amber Beat: Global Student Accommodation Market News - June 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 June 14- 20

United Kingdom

• PGIM Real Estate acquires Unite's £184M PBSA portfolio, plans refurbishment across 2,948 beds (1)
• Glasgow plans mixed-use development on Riverside including 934 student beds and 409 homes, recommended for approval (2)
• Edinburgh begins construction on a multi-million-pound student housing project, featuring 65 energy-efficient studios, set to be completed in Autumn 2025 (3)
• Birmingham-based developer “Sama Investments” acquires two PBSA developments, featuring 900 beds in Sheffield and Wolverhampton (4)
• Bristol's city centre set for transformation with the proposed Galleries Shopping Centre redevelopment featuring 23-storey towers, 450 homes, and 750 student flats (5)
• Avon Capital Estates secures approval for 454-bed PBSA scheme near the University of Bristol's Temple Quarter Campus, addressing housing shortage (6)
• Puma Property Finance grants £11M loan for Glenmore Group's 98-bed student accommodation expansion in Dundee, Completing in 2025 (7)
• LSH submits plans to transform Maple House into a 383-bed PBSA scheme in Birmingham (8)
• Lomond to expand its student housing portfolio in Leeds with the acquisition of HOP Students, adding 300 properties (9)
• Glasgow student housing plan for 134-bed development on demolished Church site; seeks approval (10)

United States of America

• Tennessee State University launches $180 million student housing project, plans to add 719 beds by 2026 (11)
• Gilbane to develop $100M Purdue University student housing complex featuring 600 beds in Indiana, expected to be ready before fall 2026 (12)
• Hastings College secures approval for a new residence hall with 320 units in Nebraska, set to open in Fall 2026 (13)
• Juneau Construction Company celebrates topping out of Hub Knoxville, the largest student housing project with 1,600 beds and extensive amenities (14)
• The Scion Group and Brookfield Asset Management JV acquires 'Reflection', 741-bed student housing community near Georgia State University in Atlanta, assumes $87.3M loan(15)
• Subtext and Brinkmann break ground on VERVE Knoxville offering 498-bed student housing project near University of Tennesse (16)

Australia

• International universities and stakeholders oppose international student caps in Australia's Draft Education Framework, citing economic risks and sector integrity concerns (17)

Europe

• An Bord Pleanála Approves 13-Storey, 899-Bed Student Accommodation Scheme at Gowan House in Dublin, Overturning Initial Refusal (18)
• Resa Expands with New 200-Bed Student Residence in Valladolid, Boosting Total Capacity to 11,500 Beds Across Spain (19)
• IIMS secures €4M funding to complete Balbriggan Campus, featuring The Lark Concert Hall and 19 teaching studios in Dublin (20)
• LIGERIS inaugurates Réidence Molière in Tours, France, featuring mixed-use development with student housing and inclusive living spaces (21)
• Global Gemina plans a 97-bed student residence in Logroño, Spain, with an estimated cost of €4.8 Million (22)

Canada

• Cégep de l’Outaouais initiates temporary student housing solution with four Gatineau hotels, offering 75 rooms and 150 beds amid pending construction approval in Quebec  (23)
• New Brunswick Community College (NBCC) partners with Canada HomeShare to provide affordable housing solutions for post-secondary students across New Brunswick (24)
• College of the Rockies (COTR) teams up with Happipad to address the student housing crisis, adds affordable options across the Golden, Invermere, Creston, and Fernie campuses (25)

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))