Amber beat Student Accommodation Market News - June 2023, Week 02

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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 June 09-15, 2023

United Kingdom

• Keystone Education survey reveals over 50% of international students begin researching study abroad options less than six months before applying; safety, affordability, and accommodation among key concerns, UK loses popularity (Erudera)
• Conflict arises over proposed 1,000-bed student village in Exeter: Residents concerned about visual impact and privacy on 'Cardiac Hill'; future plans under review (OTS)
• NUS urges government to prioritize university-owned accommodation amidst £300m offshore holdings revelations for Scottish student housing (Herald Scotland)
• Knight Frank launches and offers investment in Westcombe House, sustainable student accommodation scheme in Greenwich, London, with 61 studio rooms and offers invited above £19m, boasting a net initial yield of 5.24% (Bdaily)

• Controversy surrounds Cornwall Council's secretive approval of £162m for ‘Pydar development’ in Truro, including accommodation for 750 students, sparking concerns amongst local residents (Falmouth Packet)
• Residents clash over plans for 8-storey student halls with 211 rooms proposed in Loughborough, threatening landmark city views (Leicester Mercury)

New Constructions (United Kingdom)

• Liverpool-based CARO developments’ £22m PBSA scheme of 227 studio apartments in UCLAN Campus gets approval (Insidermedia)
• Mi Construction Group commences work on 303-bed student accommodation in James Street, York, addressing the city's PBSA shortage (BDC Magzine)
• Sama Investments submits plans for landmark residential scheme at Garrison Circus, Digbeth: 500+ homes and 650 student rooms including 37-storey tower (Construction Enquirer News)
• Plans submitted for 600-bedroom sustainable student accommodation tower in central Cardiff: Proposed redevelopment of Friary House by Topland and Colico Living (Business Live UK)
• Developer puts plans for Wales' tallest building on hold, stalling 42-storey skyscraper project in Cardiff with 447 student accommodation rooms (Herald Wales)

United States of America

• University of South Carolina's student housing project is picking up pace. The $240 million "Campus Village", will house 1800 students, and is set to commence in mid-August (ColumbiaBusinessReport)
• California academic institutions are experimenting with an unusual housing alternative of floating dorm boats, intended to be built near the city of Eureka (yahoo)
• Moore Bass Consulting Inc. proposes to build a 215-unit student housing complex in Tallahassee. The developers still need to disclose the pricing per unit (wtxl)
• GREA sold a 383-Bed student housing facility, located within a short walk of Leigh University for $29.5 million (Globenewswire)
• JLL Capital successfully sold a 347-bed student housing community “Vue on MacGregor” near the University of Houston for an undisclosed amount (JLL)
• A 12-story student housing complex comprising 658 beds, proposed to be built at 3800 Laclede. If approved, the project will commence in early 2024 and be concluded by late 2026 (nextstl)
• Chico State University department empowers students by providing online support to those seeking off-campus housing options (chicoer)

Australia

• SA State Budget takes $40 million hit as supreme court rules against government, demanding refunds for student accommodation providers (adelaide)
• Rental crisis forces tenants to consider room sharing as prices soar, highlighting affordable housing shortage (abc)

Europe

• University College Dublin faces €29.5 million Financial Blow as Rising Construction Costs Halt Student Residence Projects (irishtimes)
• Spanish student residences lead sustainability in Europe: Two LEED Gold-Certified residences with over 1,300 Beds in Seville and Zaragoza (idealista)
• Student Experience launches first university residence in Spain, providing 600 sustainable studios for local and international students in Pozuelo de Alarcon (elin)
• Sligo student accommodation crisis intensifies as two apartment complexes withdraw from providing housing, leaving hundreds of students homeless (oceanfm)
• Brest welcomes New Harteloire residence offering 115 units for students and young workers, addressing housing shortage (actu.fr)
• Adisu envisions the former Bonomo military hospital in Bari as an ideal student housing solution, offering 17,000 square meters of space (repubblica)
• DoveVivo expands its student housing portfolio with fully-serviced apartments in Paris for mid-to-long-term stays (shorttermrentalz)
• South Tyrol addresses the student housing shortage with a new initiative, construction of student residences allowed in Production Areas (ansa)

Canada

• Students in Canada face a housing crisis as rent skyrocket by 27% in Guelph, creating a serious issue for the Fall intake (GVS)
• International students in Canada resort to desperate measures, become victims of sexual exploitation in order to pay for their high rent and tuition costs (Thepienews)
• The lack of affordable student housing in Canada forces students to live in cramped apartments with 6 others (CBC)

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