Amber Beat: Student Accommodation Market News - March 2023, Week 04

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 March 16 - 23, 2023

United Kingdom

• PBSA News features "Amber's Global Student Accommodation report 2022" (PBSA News)
• Plan for 289 student rooms on Westfield Road Approved Despite Objections. (Edinburghlive)
• Caledon Property Group transitions plans for hotel in Trongate Tower, Glasgow into PBSA (UrbanRealm)
• Student fails to find accommodation in Bristol after calling 200 agents, stays in a hotel for 2 months for £500 a week (BristolPost)
• UK’s Spring Budget 23 brings no respite to student housing sector; Experts disappointed (EveningStandard)
• Nottingham City Council launches consultation on student living strategy (PBSA News) (Read full strategy here)

New Constructions (In UK)

• McLaren Property to develop £70 million St Gabriel's Student Accommodation in Manchester (GslNews)
• Birmingham City Council approves of 540-bed luxury PBSA on Gough Street by Vita students (TheBusinessDesk)
• Sustainable student Centre with 19000 beds (worth £35m) approved in University of York West Campus (Architectsjournal)
• New PBSA, 'Crown House' (198 ensuites & studios) to be renovated  in Huddersfield (Huddersfield hub)
• New PBSA Copper Towers to deliver 496 PBSA studios by 2023-24 near Coventry University and the University of Warwick (PBSA News)
• Canada Life Asset Management and University of the West of England to provide biodiversity-friendly accommodation on Stoke Gifford (stokegiffordjournal)

United States of America

• “Student Housing Crisis Act” passed in California to provide affordable housing near universities (UKENreport)
• California governor proposes cancels billion-dollar budget for student housing for 2023-24; faces oppositions (calmatters)
• Indiana restaurant to be reconstituted into 427-bed luxury housing on North Walnut Street, Bloomington (indianapublicmedia)
• RREAF Holdings, LLC (Dallas) purchased Rivers Edge student housing (486 beds) near the University of South Carolina (gsl news)
• Heitman (US based REIM) acquires Norwegian property platform Bo Living (1400 beds) (irei)

Australia

• Queensland government faces opposition from student housing investors for applying rent cap (The guardian)
• Western Australia Government offers $1,500 aid to international students. (The sector)
• Canadian firm Brookfields and Australian firm Journal Student Living will build 2 PBSAs in Carlton (The Urban Developer)
• Australian Senate Committee invested $10bn in Housing Australia Future Fund for 30,000 units (TheAustralian)
• The University of Sydney (Darlington campus) to outsource operations of on-campus residence to Unilodge (HoniSoit)

Europe

• ICEF to organise the first ‘agent networking conference’ in Amsterdam for higher education professionals and student housing experts (ICEF)
• Dutch Government plans to build 60000 student accommodations in Neterlands by 2030 (schegenvisainfo)
• 456 temporary student homes to be provided in 2023/24 on Boschdijk in Netherlands (NLTimes)
• Stallan-Brand stalls £200mn of BTR due to rent cap (Architects' Journal)

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Canada

• The Canada Border Services Agency investigates 700 fraud cases of University acceptance, students might face deportation (thepienews)
• Vancouver Community College eyes construction of 3,300-apartment at Broadway campus (theglobemail)
• McGill University provides fixed-payment meal plan to help students with high cost of food (McGill Daily)
• University Community Church Offers Free Meals to International Students in need (CBCnews)
• Western University (Ontario) is increasing funding to help students with increasing housing costs (WesternU)