Amber Beat Student Accommodation Market News - July 2023, Week 01

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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 July 01-06, 2023

‍United Kingdom

• Covid and Brexit impact student mobility: European mobility rebounds, but UK students face reduced opportunities, QS Higher Education Summit finds (UWN)
• Report by Buy to let experts reveal UK’s Bath as the top-rated city for exceptional standards of student accommodation and services, followed by Bristol, Sheffield and Exeter (LK)
• 94% of Sunbury Ave., Jesmon Road occupied with HMOs, counsellors express concern for lack of diverse housing mix (CL)
• Developer appeals council's refusal of ten-storey student halls plan at former Middlesbrough pub citing acceptable town centre location and addressing overshadowing concerns (GL)
• Sheffield residents and students express frustration over messy post-move-out situation; calls for landlord accountability and enhanced clean-up measures (Star)
• Newcastle housing block evacuated over fire hazard raises concerns for student wellbeing; church denies providing overnight accommodation (CL)

New Construction (United Kingdom)

• £48 million, 774-unit student accommodation scheme on Nelson Street, Belfast reaches 'topping out' phase at 12 storeys (IN)
• Melburg unveils £100m plan to transform Bristol office building into state-of-the-art student accommodation providing 370 beds at 360 Bristol (BP)
• Greystar unveils plans for 248 student accommodation units and new educational facility for National Mathematics and Science College in Coventry (IM)
• Shelbourn Asset Management to refurbish Dundee’s Caledonian house into student accommodation with 100 studio apartments (The Courier)

United States of America

• FPA Multifamily successfully acquires the “Seminole Grand” student housing community for $68 million comprising 487 units in Tallahassee, Florida (MHN)
• Landmark Properties, to buy a retail center right across the University of Miami in Coral Gables and replace it with an 8-storey structure comprising 396 multifunctional residential units (TRD)
• The development of a new student center and residence hall on the USF Sarasota-Manatee campus advances and is scheduled to commence in the fall of 2024 (SM)
• A developer proposed, twin 12-storey multi-purpose residential buildings consisting of 430 units with 37 micro studios in Miami, Florida (MiamiToday)
• The 150-year-old “Officer’s Circle” military community, currently houses undergrads from the University of Utah in Salt Lake City (ABC4)

Australia

• Melbourne's iconic “Queen Victoria Market” receive a $1.7 billion transformation, three towers, and 1,100 beds for student accommodation (CBD)
• 30,000 international students seek accommodation in Sydney, vacancy rates are at 1.1% and apartment rents are surging (SMH)

Europe

• Valencian Town of Moncada emerges as a strategic investment hub for student housing, a new project to provide 200 beds in response to a 2.9% increase in student enrollments (VP)
• Algarve University receives €3 million fund from Brussels, adding 237 beds to enhance student accommodations (PR)
• Marlet Property Group announces €25 million funding to build 193-bed student accommodation near to TUD Grangegorman Campus in Dublin 7 (irishtimes)
• Limerick City Council approves two student accommodation developments, adding 313-bed spaces for the 2025 college term (lemerickpost)
• Italian Left Green Alliance proposes to transform abandoned military buildings into student housing to tackle expensive rents (trendonline)
• IVAJ announces 42 places at La Florida University Youth Residence in Alicante for the academic year 2023-24, along with 10 scholarships for 70% fee exemption (DDC)

Canada

• Kwantlen Polytechnic University (KPU) plans to build student residences at the Surrey campus to address growing demand with low rental vacancy rates (surreynowleader)
• Salmon Arm's Okanagan College campus remains open amidst the construction of a 60-bed student housing center (saobserver)
• The University of Toronto Mississauga reveals an upgraded design for a seven-storey student residence (UrbanToronto)

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