Amber Beat: Student Accommodation Market News - September 2024, 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 September 13-19

United Kingdom

• Unite Students plans to replace Southampton's Mercury Point with 810-bed student accommodation (Source)
• McAleer & Rushe completes 409-bed ‘The Place’ PBSA featuring 11-storey development welcomes first students in Nottingham (Source)
• Firethorn Trust acquires Hackney Wick PBSA site featuring 204-bed development with 35% affordable housing set for 2027/28 completion (Source)
• Camden approves Regal's 294-bed development with 264 student bedrooms and 30 affordable homes opposite the iconic Roundhouse in London (Source)
• Glasgow's £95M Collegelands Development to add 591 student beds, 147 apartments, and a 2.5-acre park (Source)
• Belfast plans for a 1007-unit student accommodation scheme in Titanic Quarter, featuring four blocks ranging from 5 to 9 storeys (Source)
• Plans submitted for two Birmingham student towers with nearly 2,000 rooms across 41 and 48 storeys (Source)
• Finnieston Development to replace residential block with 150-bed student accommodation in Glasgow (Source)
• Scottish Government approves Edinburgh Student Housing Project featuring 138-bed Development wins appeal against Council’s decision delay (Source)
• Leeds Property Group secures approval for 58-studio student block on Burley Road, including 10 premium flats with private terraces (Source)
• Summerhall unveil seven-storey redevelopment plan featuring 80-room hotel and 36-unit student housing in Edinburgh (Source)

United States of America

• Subtext, Harrison Street and ESG Architecture & Design celebrate grand opening of VERVE Madison, featuring 536 beds across 142 units near the University of Wisconsin-Madison, with 10,000 square feet of amenities (Source)
• Capstone Development and Florida Polytechnic University JV completes $42M Residence Hall in Lakeland, Fla., featuring 430 beds in one, two, and four-bedroom units (Source)
• JRK Property Holdings acquires two Class-A multifamily communities for nearly $100M, including 224-unit Woodbury Park in Minneapolis and 333 Fremont high-rise in San Francisco (Source)
• Cerritos College receives $68M for new student housing project with 318 beds planned, set to begin in 2025 in Norwalk, California (Source)
• Dartmouth announces $500M housing initiative, launching ‘Russo Hall’ with $30M gift, accommodating 285 students on West Wheelock Street by fall 2026 (Source)
• Lawrence University opens $33.6M ‘Fox Commons’ in downtown Appleton, accommodating 86 students now and 88 next year in suite-style apartments (Source)
• Strategic Asset Management acquires YOUnion@Fayetteville for $72.25M in a joint venture with Virtus Real Estate Capital, featuring 198 units and 589 beds near the University of Arkansas, fully leased for the 2024-2025 academic year (Source)
• Tramell seeks to convert 133 hotel rooms into 475 student beds at 11810 High Tech Avenue near the University of Central Florida in Gainesville (Source)
• Middleburg Communities to break ground on ‘Hamlet Quail Crossing’, a 260-unit build-to-rent community in Wake Forest, NC, featuring 234 detached cottages and 26 duplexes, pre-leasing set for Q3 2025 (Source)
• Evergreen and Mullica dorms reopen with renovations, offering suite-style living for freshmen (Source)

Australia

• A seven-storey student accommodation proposal in Moreton Bay, Queensland featuring 203 beds with modern amenities, submitted for planning approval (Source)

Europe

• France’s Lyon to add 772 student beds in €63.5 million residence project; opening scheduled for September 2025 (Source)
• University of Warsaw opens a 382-bed new student dormitory at Sulimy Street in Poland, costing PLN 94.9 million (Source)
• Zaragoza’s Aloha Residence to offer 336 affordable studios for €18 million investment with a 75-year concession in Spain (Source)
• Hines acquires Scape Dublin, offering 298-bed PBSA in prime location, expanding European portfolio to 6,700+ beds (Source)
• Germany’s Bayreuth approves construction of new student residence with 200+ units; $20 million investment expected (Source)
• Ireland’s An Bord Pleanála approves €8.3 million conversion of the former supermarket for University of Limerick City Campus (Source)

Canada

• Selkirk College unveils $37.7M on-campus housing with 150 new beds, expanding capacity by 71% in Castlegar and Nelson (Source)

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