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

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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 March 01-March 07

United Kingdom

• Beachrock initiates £90 million sale of prime student accommodation portfolio comprising 1494 bed, drawing global investor interest amidst market turbulence (1)
• Fiduciam closes £16M hybrid facility for redevelopment of a student accommodation project in Central London (2)
• Glasgow City Council greenlights Dandara Living's 28-floor mixed-use built-to-rent project at Anderston Quay including 490 student bed spaces (3)
• Tri7 and Fusion Group unveil ambitious 623-bed student accommodation project on Mecca Bingo Hall Site in North London (4)
• PMI Developments shifts redevelopment plans from a hotel to a 161-unit student accommodation in Glasgow city center (5)
• Alumno and Hurlington Capital secures approval for student accommodation project near Olympic Park, East London, 316 residents to enjoy modern amenities and community integration (6)
• The Premier Inn site on the Haymarket in Central Bristol is set to transform into 28-storey student accommodation despite height and heritage concerns (7)

United States of America

• UT Arlington constructs Maverick Hall, a $116M student housing facility, to accommodate 654 students amid an 8% increase in freshman enrollment (8)
• FaverGray delivers exceptional 862-bed student housing community at Seminary Lane, near University of Florida, setting new standards for quality and innovation (9)
• Toll Brothers and CanAm Capital unveil 1,086-bed ‘Lapis Student Housing’ near Florida International University, featuring top-notch amenities and varied unit configurations (10)
• University Partners expands portfolio with acquisition of 370-bed student housing community near University of Georgia, enhancing student living experience with modern amenities (11)
• Champion Real Estate acquires Salisbury campus apartments, expanding student housing portfolio with 85 units and 290 beds near Purdue University, Indiana (12)
• Dartmouth College plans 290-bed apartment-style residence on West Wheelock Street to alleviate housing shortages, aims for LEED Gold certification (13)
• McPherson College expands housing options with Maxwell Hall, offering co-ed living for 50 students in partnership with The Cedars Retirement Community (14)

Australia

• Sovereign Construction and D&T Pty Ltd file a PBSA project at 263 to 279 Broadway, Glebe, set to provide 120 co-living apartments as well as commercial premises (15)

Europe

• Italian Government targets 60,000 new student accommodation beds by 2026, Legislative Decree PNRR 4 implements measures for simplification and fiscal aid, allocating €1.2 billion for accommodation managers, and ensures 30% reserved for low-income students (16)
• Greystar enters Brazilian student housing market with Share Student Living and CIX Capital Partnership, launching 1,900 beds in strategic PBSA venture (17)
• Signal Capital Partners, Griffin Capital Partners, and Echo Investment joint venture to develop 5,000 purpose-built student beds in Poland (18)
• UVA Board advances ‘Darden Student Housing Project’ with 218 units and 350 beds in Virginia, alongside approvals for parking garage and research computing data center (19)
• DRC Savills IM facilitates refinancing for Princeton's 406-bed student residence in Madrid amid high demand, bolstering European Real Estate Debt Strategy (20)
• Erilia to construct 79-bed student residence 'Les Prugnons' in Antibes, France, offering quality accommodation and environmental excellence (21)

Canada

• The University of Guelph Ridgetown Campus, collaborates with the Municipality of Chatham-Kent, securing a $500,000 investment for creating new student housing projects (22)
• Douglas College, New Westminster to have affordable on-campus housing for the first time as construction starts on a $292.5M project to provide 368 student beds by summer 2027 (23)
• Conestoga College expands its student housing portfolio in Waterloo, expected to house up to 300 students, with the acquisition of former ‘Inn of Waterloo’ on King Street North, along with 400 Albert Street and 419 Hazel Street (24)

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))