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Amber Beat: Student Accommodation Market News - April 2023, Week 01
Table of Content
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 April 1 - 6, 2023
United Kingdom
Madras College buildings to be converted into 209-bed student accommodation with retail amenities (Fife Today)
A 566- bed student housing to be built in Brighton. All eyes on approval this week (Insider Media Ltd)
University of Bristol unveils stunning design for new campus beside Temple Meads station (Bristol Live)
Plymouth's £4.5m Aspire smart student-flats to expand with new apartments in former retail space (Plymouth Herald)
Former offices to be turned into student accommodations in Swansea City Center (Insider Media Ltd)
Wolfson College, Oxford to build new student building (Erudera)
Durham University to convert old hospital into student residence to mitigate housing crisis (Erudera)
United States of America
The Standard opens late Summer with 802 beds in University City Centre near University of Pennsylvania (Multi Housing News)
UC Law SF to open 656-unit student housing, “Academe 198” in San Francisco this summer, near major universities (KRON4)
Williamsburg, Virginia waitlists 500 students for onsite accommodation (The Flat Hat News)
East Long Beach office tower to be turned into 149 student apartment suites by 2025 (Daily Forty-Niner)
Concerns raised over approved housing complex for international students by residents in downtown Myrtle Beach, California (Post and Courier)
Australia
AUD300 per week to live in a tent! Australia’s rental crisis sees new heights (Dailymail)
Rental cost to keep rising due to shortage of supply. Perth records higher Y-o-Y growth at 14.6%. Sydney reports highest rent at $660 (Brisbane Times)
Housing crisis to deepen in 2023 due to delayed approvals of constructions. Apartments and medium-density housing in high demand (Your Investment Property Mag)
Australia's real estate tycoons are diversifying their portfolios with off-shore assets (PBSA & BTR) instead of investing inland (Investor Daily)
Europe
Irish governments face crisis as private sector student beds decrease by 5,000 in last 5 years (Connaught Telegraph)
Segovia City Council to Consider Urban Planning License for a new student accommodation in the historic center (El Dia de Segovia)
New Projects (Europe)
Round Hill Capital will invest €100 million in mixed-use student housing with retail facilities in Porto, Portugal (Construir)
700-bed student accommodation to be built in Lublin Plaza (Poland), scrapping prior plans to build a hotel (Spotted Lublin)
Factory in Castellón to be turned into premium student housing (265 beds). Will open to students in 2024/25 (El Periodico Mediterraneo)
Ca' Foscari University plans to build new premium student housing (142 beds) in via Torino, Italy (Nuova Venezia)
High-profile JV plans 233 new furbished studios near Bordeaux in Gradignan close to Claudette Colvin University (Aqui France)
Canada
International students facing dire living condition in Cape Bretton (CTVnews)
British Columbia Govt funds 148-bed modular student housing near Thompson Rivers University. Opening in Fall 2023 (Castanet)