Amber Beat: Global Student Accommodation Market News- October, Week 02

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 October 06- October 12, 2023

United Kingdom

• Paragon Bank’s latest analysis observes greater yields in smaller UK university towns; Stoke-on-Trent tops the list with a 9.42% rental yield and Swansea stands second at 9.22% (1)
• Warwick District Council's new scheme mandates HMO licencing for houses, converted flats, and student accommodation, anticipating licencing for about 700 properties (2)
• Investec Real Estate’s third Future Living survey report observes an average of £248 million gross investment per respondent in 2023 showcasing a positive investor appetite in UK student accommodation market (3)
• Yorkshire University Student Union and Unipol initiate ‘Rate Your Landlord’ charity project; seeking 400 students to review the letting process and quality of accommodation, offering a £250 prize draw (4)
• S Harrison receives Best PBSA Provider Award in Leeds, secures runner-up positions in landlord of the year and purpose-built building categories (5)
• 33 out of 35 Glasgow Facebook Marketplace rental listings revealed fraudulent upon investigation by STV News (6)
• Durham University ensures the adequacy of student accommodations in the city for AY 2024/25 (7)
• Electrical Safety First, England encourages students to inspect the appliances after moving in to ensure their accommodation is electrically safe (8)
• Maslow Capital funds a £68 million loan for 402 studio rooms in Leeds and 388 studios in Lancaster with HIG Realty Partners and Primus Property (9)
• Picton Property sells vacant office in Coventry to a student accommodation developer, building to be converted to student residence with 34 dwellings (10)
• Limerick City and County Council puts a hold on 122-bed student accommodation in Pennywell due to local objections (11)
• Staffordshire University plans to replace existing Leek Road Campus student accommodation with parkland and build a 700-student room complex near River Trent (12)
• Vita student brings a new 250-studio PBSA scheme plan for former Barker & Stonehouse building in Newcastle (13)

United States of America

• Student Quarters acquires “HERE Atlanta” a 350-unit student housing near Georgia Tech, Atlanta for $181 million (14)
• Toll Brothers completes its first multifamily project with a 293-unit student housing community, located near the Florida International University’s main campus (15)
• Axonic Properties LLC acquires “Maverick Place”, a 382-bed student housing community located near the University of Texas in Arlington, the sale was arranged by Newmark for an undisclosed amount of acquisition (16)
• Nuveen Real Estate obtains “The Rocks”, a 376-bed student accommodation facility located near Michigan State University (17)
• Vesper Holdings acquires “33 North”, a 427-bed student housing complex located near the University of North Texas, Denton for an undisclosed amount (18)
• Appalachian State University, North Carolina plans to develop 1,850 additional beds to meet the demand for on-campus student accommodation (19)
• Georgia Tech reveals plans for a new on-campus student residence hall, aimed to house up to 860 first-year students and is scheduled to open in August 2026 (20)

Australia

• Australian Unity and MaxCap collaborate to develop a $1 billion student accommodation portfolio as international student numbers surge (21)
• Australian post-study work visa system faces overhaul as Grattan Institute report reveals international graduates' struggles for permanent residency (22)

Europe

• Perugia in Italy inaugurates 100 new student residence beds, boosting capacity and housing options for university students (23)
• 793 new accommodations are to be added for university students in Lazio, Italy making a total of 3131 available accommodations for 2023/24 (24)
• Municipality of Pavia, Italy approves building permit for new student residence at former Morelli Clinic, offering 189 beds in a historic urban regeneration project (25)
• Madrid, Spain faces a student housing shortage as one in four students struggle to find residences; only 15,838 beds available for 65,182 students (26)
• Andalusia to open 1,800 new student residence beds by 2025, becoming Spain's second largest region for student accommodations (27)
• President of Rennes 2 University, France reveals University Housing crisis as students-to-bed ratio stands at 5:1 (28)
• Strong objections over proposed student accommodation block in Limerick City, Ireland, as demand for 2,200 bed exceeds availability (29)

Canada

• Guelph City staff recommends approval of the student housing project near the University uof Guelph. The project, planned by developer Aventus would provide 532 units and 1,149 bedrooms in total (30)
• The Government of Canada and the City of Hamilton collaborate to fast-track 2,600 housing units with a $93.5 million investment by Housing Accelerator Fund agreement aims to boost affordable housing of up to 9,000 homes in the next decade (31)

Sources: ((1), (2), (3), (4), (5), (6), (7), (8), (9), (10), (11), (12), (13), (14), (15), (16), (17), (18), (19), (20), (21), (22), (23), (24), (25), (26), (27), (28), (29), (30), (31))

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