Amber Beat: Global Student Accommodation Market News - March 2024, Week 02

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 March 08- 14

United Kingdom

• Winvic Construction hits milestone with the completion of Crown Place Nottingham, delivering over 10,000 student beds (1)
• Oxford Brookes University welcomes sustainable accommodation for 515 ensuites in Clive Booth Student Village redevelopment, Elm Building completion marks milestone for AY 2024/25 (2)  
• Earl’s Court redevelopment unveils detailed plans for phase one comprising a 42-storey tower and 4,000+ flats that are set to transform London's skyline (3)
• Clegram Holdings lodges ambitious plans for 318-bed student accommodation scheme, transforming car park into a dynamic hub managed by Homes for Students (4)
• City of York Council greenlights a 133-room student accommodation project despite initial rejection (5)
• Manchester Council nears approval for a 15-storey student accommodation tower with 107 studio bedrooms in Oxford Road Corridor (6)
• Plans submitted for ten additional student flats for The Furlong Tower Block, Brighton, adding to the existing 213 beds (7)
• Whitbread PLC and Olympian Homes secure planning consent for redevelopment of Bristol City Centre Premier Inn Site, creating 132 Co-Living Homes and 442 Student Accommodation bedrooms across two new towers (8)
• Prestige Student Living unveils The Port on the Square, Bristol's newest student haven offering 259 ensuite and studio rooms (9)

United States of America

• The Scion Group acquires ‘The Aves at Twelve100’, a 1,527-bed student housing community located near the University of Central Florida (10)
• USF Tampa Campus to redevelop the 'Argos Complex' in phases between Fall 2027-29 to increase its capacity from 900 to 2,100 beds and replace 3 existing dorms with a 5-6 building complex, costing approximately $250 million (11)
• FIU Board of Trustees approves the  development of $185 million, 816-bed on-campus student housing facility, with construction scheduled to last from December 2025 to June 2027 (12)
• Utah Valley University, through a public-private partnership with The Green, opens a 500-bed on-campus student housing community for its first-year students (13)
• McCarthy Building Companies breaks ground on $285 million student housing development at University of California, Riverside, including 429 single and double occupancy apartments, serving students both at UCR & RCCD (14)
• Auburn University begins construction on new student dorms, designed to house 371 students, costing $72 million, scheduled to open in Fall 2026 (15)
• JLL Capital Markets arranges $5.2 million acquisition financing for ‘12 Panoramic Way’, a 6-story, 13-unit student housing facility located near the University of California, Berkeley (16)

Australia

• Brookfield to build a 39-storey student-accommodation building comprising 1,013 lodging rooms and 1,038 student beds, designed by Cox Architecture in the heart of Melbourne CBD (17)
• Student accommodation hub worth $80M approved in the Perth CBD, to provide additional 835 people with an accommodation by 2026 (18)
• Iglu Student Accommodation plans a new tower with 300 rooms in the suburbs of south-east Sydney in the next four months, designed to target the University of New South Wales, and the National Institute of Dramatic Art (19)
• Longerenong College receives $6.5 million through the Agricultural College Modernisation Program to construct student accommodation for 45 students (20)

Europe

• Italy's Sovereign Wealth Fund invests €50 million in Coima's Milan Olympic Village transformation, creating Italy's largest student accommodation scheme with 1,700 beds (21)
• Greystar plans over €1.4 billion investments in European Real Estate amid price falls in France and Germany, targets apartments and student housing (22)
• CDU urges development of former KWU Towers for 1,500 student apartments in Offenbach, Germany, addressing housing shortage in Frankfurt and Rhine-main area (23)
• Hines launches student accommodation platform in France, unveiling plans for 1,300 beds across two projects in Paris (24)
• KU Leuven to build over 700 affordable student rooms with €100 million with interest-free loans, easing housing pressure in Leuven and Ghent (25)
• Poznań plans construction of new dormitory 'Flamenco' to accommodate 435 students; expanding the existing student depot with 408 additional beds in Poland (26)
• Crous residence project in Strasbourg's XV District to welcome 500 new affordable student housing units by 2027 amid housing crisis (27)

Canada

Surrey Health and Technology District to collaborate with Western Community College (WCC), featuring more than 500 affordable student and faculty residential housing units at Surrey City Centre (28)

‍

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))