Amber Beat: Student Accommodation Market News - June 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 June 16 - 22, 2023

United Kingdom

• Lincolnshire County Council proceeds with sale of 40% of its office space for £1.6 million; properties listed for repurposing as student accommodation (My Local)
• JLL reports staggering growth of BTR sector by 82,100 homes, affirms excellent opportunities for small-scale BTL landlords as institutions only own 1% of UK’s £8 trillion housing market (LZ)
• Portsmouth council rejects Collegiate's plea for using Crown Place student accommodation for non-student rentals; University of Portsmouth welcomes the decision (Portsmouth)
• Halo Village loses proposal for 1,858-room student village in Cornwall for Penryn Campus of Falmouth University faces rejection over landscape and ecology concerns (BBC)
• Savills to sell Chilboton Court, former Winchester student accommodation for housing redevelopment (Hampshire)
• Greystar acquires prominent Stratford BTR site in East London for a mixed-use development with 1,500 homes, adding to their current 11,000 BTR homes pipeline (BDaily)

New Constructions (United Kingdom)

• Exeter University to develop housing for 2000 students despite local resistance (EDN)
• Bristol City Centre's Premier Inn to be replaced by 28-storey, 442-bed student apartments and 18-storey co-living homes, addressing housing demands for students and professionals (Bristol World)
• Beeston student block scheme wins appeal, overturning council's decision; Cassidy Group's 419-flat development to proceed (TBD)
• Optimal student gets greenlight to convert Hilton Garden Inn into a premium student accommodation with 105 rooms, Backfinch to loan £9.7 million for the project (Yahoo)
• Crucible Developments address Dundee's student housing shortage with £7.1m project, supported by Bank of Scotland; 55 en-suite rooms to be built near major universities (BI)

United States of America

• University of California, San Diego will soon break ground on a large 2400-bed student housing community and a grand student union (SDT)
• “The Mark Knoxville” student housing to add 834 more beds to the University of Tennessee’s housing market and will commence in August 2025 (Knoxville)
• The United States recorded a substantial rise in student visa refusals for the year 2022 (Monitor)
• The Evergreen State College’s management is in favor of raising the tuition and other college-related fees for the current academic year 2023-24 (yahoo)
• GREA successfully sold a 384-bed student housing community and refinanced a 168-unit Townhome community in Tallahassee, Florida (GNW)
• Maverick Commercial Mortgage Inc. secures a $5.4M loan to refinance a 114-beds student housing facility near West Virginia University (rebusiness)

Australia

• The Australian government invests $2 billion in the Social Housing Accelerator to address the housing crisis (WSWS)
• Albanese government faces major defeat as Housing Bill delayed Amid soaring homelessness and 524,000 social-housing shortfalls (TPT)
• Manchester based Housemates launches Housemates Connect API, revolutionizing student accommodation booking with over 1.2 million beds across 20 countries including Australia (Prolificnorth)
• Australian housing crisis deepens as international students struggle to find affordable accommodation, universities urged to take action (thepienews)

Europe

• NCC, a Swedish construction company secures SEK 260 million contract to construct 276 student apartments in Uppsala's Kåbo district, providing affordable housing solutions (Marketscreener)
• Student housing shortage threatens Netherlands' competitive position, warns CBRE, 86% of students lack suitable accommodation (Adnl)
• Italian Ministry launches project to convert unused buildings into student residences, aims to create 5,000 beds (Millionaire)
• La Sapienza University opens 240-bed student residence in Rome's former Regina Elena Complex, named in honour of famous Linguist Luca Serianni (Radiocolonna)
• The Valencian company, White Investing RE signed a deal with The Boost Society to develop 136-place student residences in Cádiz, Spain, expected to be completed by Q4 2025 (Brainsre)
• Welcome Home to launch two fully renovated student residences in Milan, offering 50 beds in Bocconi and Navigli areas, with expansion plans to add 100 more beds by 2023 (ilsole)
• University of Limerick takes action amidst student accommodation crisis, plans to house 750 students on campus in Ireland (Independent)

Canada

• The University of Windsor and partner Tilbury Capital begin construction for a brand new student residence featuring 452 beds on Sunset Avenue (WindsorStar)
• Developer awaits progress on proposed 1,149-bed student accommodation near the University of Guelph amidst City Council deliberations (Guelphtoday)
• City staff conditionally approve the proposal to convert an 86-room hotel into Student Housing at 785 Gordon St. (The Record)
• Douglas College reveals plans for a 20-storey campus building covering 369 beds adjacent to the new Westminster Campus with commercial and academic facilities (newwestrecord)
• Thompson Rivers University proposes an ambitious $120 million megaproject at McGill Road and Summit Drive. The project to host students from Bob Gaglardi School of Business and Economics (SoBE) and TRU's STEM programs (Castanet)

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