Amber Beat: Global Student Accommodation Market News - November 2023, Week 03

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 November 10- November 16, 2023

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United Kingdom

• Survey by Slurp shows 16% of Edinburgh University students struggle for accommodation pre-semester, including 10.4% of undergraduates, and 24.4% of postgraduates, highlighting the need for “Emergency Housing Guarantee” (1)
• Palatinate’s Freedom of Information query reveals 50% of Durham University returners face accommodation rejection for AY 2023/2024 (2)
• Knight Frank launches the sale of West Way Square student accommodation of 264 bedrooms in Oxford for £56m, claiming 5.75 % net initial yield and £419,500 annual net income from commercial units (3)  
• Fusion Group assigns McAleer & Rushe for 420 rooms student accommodation project in Liverpool's Knowledge Quarter, set to be completed by June 2025 (4)
• St Edmund Hall at Oxford University begins development of a new student accommodation with 127 student bedrooms (5)
• Developer Downing receives approval for 555-bed student accommodation near Amex Stadium in East Sussex, emphasizing sustainability with a BREEAM Excellent standard (6)
• 350 new student flats to be built on former factory site near the University of Exeter, developers commit to contribute £100,000 to local NHS body (7)
• Moorfield Group, Melberry Developments and Funding Housing partner up for a £42 million, 293-bed student accommodation project in Lincoln, aiming to achieve BREEAM 'Very Good' rating (8)
• Tribe Student Housing gets approval for a 224-room student accommodation project on St James Health Centre site in Walthamstow (9)

United States of America

• FPA Multifamily acquires ‘The Edge on Hovey’, a 481-bed student housing facility near Illinois State University for $24.8 million (10)
• Brinkmann Constructors undertakes the development of "Verve Ann Arbour," a 13-story student housing complex with 729 beds, close to the University of Michigan (11)
• UC Riverside and its partners initiate the construction of ‘North District 2’, a new student housing project designed to house up to 1,568 students and expected to commence in August 2025 (12)
• CBRE arranges the sale of ‘Spinner Place’, a 308-bed student housing facility near the University of Vermont, Winooski for an undisclosed amount with a buyer represented by “Property Income Advisors Inc” (13)
• Florida A&M University gets approval on its new 700-bed student housing and expected to open its door to the students by August 2025 (14)
• Syracuse University addresses the student housing need by planning to convert the Sheraton Hotel on its campus into a Dorm in 2024 (15)

Australia

• Chinese student enrollment in Australian universities reaches a new high, with approximately 107,000 students from China, strengthening bilateral ties (16)
• Sydney University demands government to recognize universities as affordable housing providers, ease out red tape restrictions and empower universities to build more student beds (17)  

Europe

• Livensa Living secures top spot as best student housing operator in 2023 Best in Class Awards, Spain and Portugal's student residences shine among Europe's finest recognitions (18)
• Valladolid, Spain welcomes new state-of-the-art student residence with 559 beds and a €20 million investment (19)
• Campania Region, Italy, secures funding for six university student housing projects, creating 465 new beds with €46 million to address critical shortages in Naples, Portici, Benevento, and Caserta (20)
• South East Technological University secures 20.3 acres of Waterford Crystal Site in Waterford, Ireland with government approval for land acquisition to develop student housing (21)
• Corbeil-Essonnes in France, inaugurates its first student residence with 108 units in a former administrative center redevelopment, addressing a longstanding accommodation need (22)
• Polish Government allocates PLN 10 million for Biała Podlaska University's third dormitory, plans for 80 new beds to accommodate growing student population (23)
• Denmark plans Europe's largest 3D-printed construction project by 2024, creating a 36-unit student housing block, and transforming an industrial site into modern apartments (24)
• Italy's Salento region invests €16 million to add 169 student beds in Lecce through redevelopment, bringing the total to 746 by 2026 (25)

Canada

• Bonard’s latest Student Housing Market Canada report anticipates the delivery of 16,735 beds across 46 PBSA residences by 2026 and  0.5% increase in the overall provision rate (26)
• Canada's federal government to provide the City of Calgary with $228 million from its Housing Accelerator Fund (HAF) to focus on creating higher-density housing, student housing, homes near transit, and affordable housing (27)
• Waterloo Co-operative Residence Inc. sells one and acquires seven student housing properties in Southwestern Ontario with a $60 million transaction (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) )