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

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 October 31- November 07

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United Kingdom

• UK Government raises domestic tuition fees by £285 to £9,535 for first time in 8 years amid international student decline (Source)
• UK Graduate Route visa remains unchanged, benefiting 67,529 Indian students in 2024, amid tightened visa rules (Source)
• Mapletree Investments lists 24 UK PBSA properties worth £450M for sale, featuring 4,844 beds across 8 cities (Source)
• Dominus and Cheyne Capital secure approval to convert 65 Fleet Street into 850-bed student accommodation with BREEAM ‘Excellent’ rating (Source)
• Fusion Group acquires £150M Marks & Spencer site for Sauchiehall Street PBSA Development, delivering 619 student beds and commercial space (Source)
• GMI Construction secures £50M PBSA project near Bristol Temple Mead expanding southwest presence with 447 student rooms in two new blocks, completion expected by 2026 (Source)
• Global Mutual & Patron Capital secure approval for 287-bed PBSA at St. Johns Centre, Leeds; completion set for 2027 (Source)
• Firethorn Trust secures £18M financing from Grosvenor for 150-room Malmaison York acquisition (Source)
• RED Construction secures £35M for Bristol projects, including £20M student accommodation (Source)
• Ogilvie Construction tops out 156-bed student accommodation development in Edinburgh's Haymarket Yards (Source)

United States of America

• Trump administration's return likely to impact immigration policies of international students for the next 4 years (Source)
• US remains top destination for international business students, with women’s applications rising to 42% in 2024, according to GMAC report (Source)
• Franklin Street expands into student housing with $1B transaction target, acquiring former Marcus & Millichap team (Source)
• Travelers donate $500K to UConn Hartford for future student housing, supporting 200-bed residence hall set to open in 2026 on Pratt Street (Source)
• Purdue Fort Wayne breaks ground on $90-$100 million student housing complex, ‘Trace’, offering 176 units near North Campus, set to open in August 2026 (Source)
• Gracorp breaks ground on 322-unit, 645-bed student housing tower in Calgary's University District, set for 2025 completion (Source)
• Rael Development breaks ground on 192-unit ‘Charme on Eagle’ student housing project, offering 463 beds near University of North Texas, Denton, ready by fall 2026 (Source)
• Landmark Properties to develop 2,079-bed student housing complex, ‘The Mark College Park,’ adjacent to University of Maryland, set for completion in Fall 2029 (Source)
• Nvision Development moves forward with 2,400-bed student housing project near Full Sail University in Winter Park, plans phased delivery (Source)
• Landmark Properties to develop 2,000-bed student housing project near Georgia Tech's Bobby Dodd Stadium in Atlanta (Source)

Australia

• Australia sees 38% decline in student visas, with approximately 298,000 issued to foreign students between October 2023 and August 2024 (Source)
• Australia’s Labor government pledges to cut A$16 billion in student loans ahead of upcoming election to address rising living costs (Source)
• Australia enacts measures affecting international student numbers as universities face funding pressures (Source)
• Federal parliament has opportunity to unlock 105,000 rental homes in next decade, surpassing “Housing Australia Future Fund” target (Source)

Canada

• Canada to reduce new study permits for international students by 10%, lowering target from 485,000 in 2024 to 437,000 for 2025 and 2026 (Source)
• Forum acquires Ottawa Student Housing Tower for $183 million, adding 742 beds to their portfolio (Souce)
• Gracorp breaks ground on 645-bed student housing tower in Calgary's University district (Source)
• Calgary Rental Housing Project breaks ground with 322 units, targeting students and young professionals (Source)

Europe

• Netherlands proposes €293M cut to international student budget, aims to cap English-taught degrees and reduce intake (Source)
• Aldi Süd to build 550 apartments, including 250 student units, across Germany by year-end (Source)
• Wiesbaden, Germany celebrates start of construction for 435-unit sustainable student residence at RheinMain University, set for 2026 completion (Source)
• Puglia, Italy to receive three new university residences with 224 beds in Taranto, Lecce, and Brindisi by spring 2025 (Source)
• Białystok, Poland launches 'Apartment for a Graduate' Program, offering 120 apartments to young graduates (Source)
• SGH opens renovated Grosik Student Residence with 48 modern rooms with PLN 13 million investment (Source)

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