Amber Beat: Global Student Accommodation Market News - June 2024, Week 04

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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 21- 27

United Kingdom

• Legal & General partners with Homes for Students on PBSA, launching 'Clifford House' featuring 400 beds in Exeter and 'Scotway House' adding 320 Beds in Glasgow (1)
• Newcastle University approves demolition of Castle Leazes Halls, paving the way for £250M redevelopment with 2,000 student beds (2)
• Fusion Students proposes a redevelopment project featuring a 17-storey with a 706-bed student accommodation block at Longcross Court, 47 Newport Road in Cardiff (3)
• Radford student housing development approved on the former John Player factory, featuring 587 apartments (4)
• Knight Frank facilitates £28.75M sale of PBSA asset with 416 beds in Newcastle's Quayside location (5)
• Nottingham City Council approves plans for a 356-bedroom scheme by Jensco in the Southside Regeneration Area and a 587-bedroom by Hyson Green Developments on Norton Street (6)
• Glenmore Group secures £11M loan for 98-bed student accommodation project in Dundee; phase one and two are expected to be completed in summer 2024 and 2025 (7)
• Atelier funds £5.38M loan for conversion of Grade II Listed Building into 26-bed student residence in Bristol (8)
• Vita Student launches in India, expanding its portfolio with luxury student accommodation (9)

United States of America

• Landmark JV acquires 67-acre site in Columbia for the 826-bed student community, set to open in August 2026 (10)
• Dartmouth College acquires $23.5M in West Wheelock Properties for housing expansion, aiming to add 1,000 beds (11)
• Tailwind acquires 720-bed student community in Kansas, expanding portfolio to 15,000 bedrooms across 15 states (12)
• University of Texas, Arlington breaks ground on Maverick Hall, a 654-bed dorm to address campus housing demand amid record enrollment (13)
• Mapletree Investments sells 894-bed student accommodation in North Carolina amid strategic divestments (14)
• Orion Housing plans an 88-unit student complex in Jefferson Park, replacing 8-unit building with a six-story structure (15)
• BWE secures financing for 'The Junction', a 152-unit student housing community at Texas State University (16)

Australia

• Campus Living Villages launches $100m student accommodation tower project at Griffith University's Gold Coast campus, adding 459 beds by 2026 (17)
• Travelodge Resort Darwin in Darwin City listed for potential student accommodation conversion, offering 224 rooms and extensive amenities on a 1.31ha site (18)

Europe

• Uxco secures €300M refinancing for three Ecla Student Housing and Coliving projects, including 3,800 Beds in Greater Paris, France (19)
• SRV secures €10M contract to build student apartments in Helsinki, Finland's Oulunkylä District (20)
• Technical University of Munich ‘Straubing Campus’ advances sustainability with new 148-unit student housing complex in Germany (21)
• An Bord Pleanála grants approval for 116-student accommodation development at former Limerick City Hotel in Ireland (22)
• Veidekke ASA to transform Oslo Office Building into student housing, adding 99 apartments amid city's accommodation crunch in Norway (23)
• Spain plans to add 14,500 new beds in student residences by 2026, focusing on Madrid and Barcelona, reports CBRE (24)

Canada

• Nicola Valley Institute of Technology (NVIT) expands student housing in Merritt, B.C. adding 30 beds with $19.6M investment; expected to complete in Fall 2026 (25)
• Alignvest Student Housing REIT acquires Hespeler House and Fergus House in Waterloo, adding 1,705 beds totalling $384M in four transactions in the first half of 2024 (26)

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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), (23), (24), (25), (26))