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

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 22- 28

United Kingdom

• Modern 32-double bedroom student accommodation block in Beeston hits market for £4.2M, amid high demand near University of Nottingham (1)
• IQ's Bath Street development reaches milestone with over 550 new student flats, nearing completion by Summer 2025 (2)
• Revised plans submitted for 460 student flats in St Philip’s near the University of Bristol; developer Avon Capital Estate addresses flood concerns and enhances riverfront access (3)
• Unite Students to pave the way with innovative 401-unit mixed-use student housing and BTR development 'Burnet Point' in Edinburgh  (4)
• Plans submitted to City Council to transform Edinburgh Bingo Hall cinema in Leith into 201 premium student rooms (5)
• Lancaster councillors greenlight conversion of former bed shop into 24 student flats despite neighbourhood objections (6)
• Urban Creation completes redevelopment of a former nightclub into 7 two-bedroom student apartments at Bristol's 48 Park Street (7)
• Planning permission secured for Bristol's largest mixed-used student accommodation and co-living development, providing homes for nearly 600 residents (8)

United States of America

• Ceruzzi Properties & Park 7 announce a $500 million student housing portfolio for sale, including 6 student housing communities with 4,423 beds across four states (9)

• University of Tennessee and RISE, in a public-private partnership, break ground on two residence halls adding approximately 1,950 beds to the university’s Knoxville campus, scheduled to open in Fall 2025 (10)
• ‘The Parker’, an eight-story Tucson student housing complex with 482 beds, located near the University of Arizona campus, sold for $132.5 million, setting up a new record sale price (11)
• Inland, Peerland Development and Core Spaces JV secures $102 million  in construction financing from JP Morgan for ‘HUB Tallahassee’, a 367-unit student housing facility expected to open in Fall 2026 (12)
• Peakmade Real Estate and Blue Vista Capital Management JV completes the 329-bed final phase of ‘Theory Gainesville’, located near the University of Florida, Gainesville Campus (13)
• Muinzer sells Salisbury student housing portfolio, comprising five properties with 290 beds, located near Purdue University in West Lafayette, Indiana (14)

Australia

• Australia’s Perth Curtin University approves $200 million project, to build a six-storey science building accommodating 1019 students and 303 staff by adding 100 beds (15)  
• The Prahan Project to add 430 student homes in Melbourne, with 228 social, 195 private rentals, and 11 specialist disability accommodations (16)
• Brookfield Expands Australian Student Housing Portfolio with Third Project, Adding 1,038 Beds in Melbourne (17)

Europe

• Yugo aims to dominate Spanish student residences market with 20,000 beds amid rapid expansion, plans to close 9,700 beds in 2025 (18)
• Vilogia, Linkcity, and Bouygues Bâtiment Sud-Est launch construction of nearly 700 student accommodations at Porte des Alpes, Lyon in France, expected to start by Summer 2025 (19)
• Camplus partners with Partners Group and Dea Capital Real Estate to spearhead largest private equity deal in European student housing market, targeting 5,000 beds across Europe by 2027 (20)
• Developer SÜDREAL and nowinta financial group begin construction of 232 student apartments in Nuremberg, Germany, anticipated completion by winter semester 2025 (21)
• Former Maria Adelaide Hospital in Turin, Italy to be transformed into modern student residence, offering 400 beds and healthcare clinics by 2026 (22)
• Tarnowska Academy to renovate student dormitory, adding 170 double rooms, construction to begin in July, costing PLN 6 million (23)

Canada

• Canada to offer $40 Billion in low-cost loans for student housing construction amid surge in international student enrollment (24)
• Nelson welcomes a new student housing project at Selkirk College's Silver King Campus, providing 36 units and an indigenous gathering space (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))