Amber Beat: Global Student Accommodation Market News - May 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 May 24- 30

United Kingdom

• Durham University partners with UPP for £130M student scheme, delivering 1,000-bed spaces and refurbishment of St Hild and St Bede College (1)
• Far East Orchard acquires 49% stake in Homes For Students for £17.6M, expanding PBSA portfolio with over 40,000 beds across the UK and Ireland (2)
• YourTRIBE completes the first 250-unit PBSA development in London featuring 224 en-suite rooms across 22 flats with £95M investment at Ilderton Road (3)
• Empiric Student Property plans student housing extension near Victoria Baths, adding over 200 PBSA beds with £100M Investment (4)
• Manchester Planning Officers back two PBSA towers, including 37-storey and 15-storey developments, amid affordable housing concerns (5)
• Plans approved for 198-unit PBSA building on Kirkstall Road, Leeds, featuring studio flats and communal space; designed by Cunniff Design (6)
• Nottingham approves student flats and shops on former Douglas Bar site, addressing growing demand with 26 studio flats and 4 businesses (7)

United States of America

• Lubbock City Council to advance 671-bed student housing proposal in South Overton with height reduced to 75 feet; 25 more parking spaces planned (8)
• KKR acquires TPG’s three-property student housing portfolio in Denmark, adding 494 units to Nordic Real Estate Holdings (9)
• Alignvest Student Housing expands portfolio with the acquisition of 308 King Street North, Waterloo, Ontario, adding housing for 659 student (10)
• UConn plans for 200-bed student housing at 242 Trumbull St. to deepen Hartford Roots, accommodating campus growth (11)

Australia

• Australia introduces National Innovation Visa to attract talented migrants, replacing global talent and business visas; $2.1 million allocated for student housing expansion (12)

Europe

• Vaise District welcomes 301 new student accommodations, valued at €23.9 million, easing housing shortage; Lyon Métropole provides €2.4 million support (13)
• Alda Hotels Ventures opens ‘Zeta Students’, a student residence in Burgos; accommodating 100 students with prices starting at €350 per month (14)
• Florida Norte Hotel in Madrid transformed into premium student apartments; Nedo invested €120 million offering 636 beds, project to open for AY 2024-25 (15)
• New Private Zeitraum Dormitory opens in Warsaw's Solec District, offering 214 beds and premium amenities, fully booked for the next academic year (16)

Canada

• Okanagan College opens applications for New Salmon Arm and Vernon Dorms, offering 160 beds in mixed apartments; Kelowna Campus to welcome 216 units in September (17)
• Calgary Pilot Project unites seniors and students in Intergenerational Living; Unique Program offers affordable housing to post-secondary students (18)

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Sources: ((1), (2), (3), (4), (5), (6), (7), (8), (9), (10), (11), (12), (13), (14), (15), (16), (17), (18))

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