Amber Beat: Student Accommodation Market News - April 2023, Week 02
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 7 - 14, 2023
United Kingdom
Greystar and GIC Realty sell Student Roost's Birmingham assets, The Heights (909 beds) and The Old Fire Station (483 beds), to GEPE for Canvas brand (The Business Deck)
Recessive markets and inflationary prices affecting 80% of international students (Free Press Journal)
Torsion Group secures £114m worth of student housing contracts in Birmingham, Manchester, York, and with Bricks Group's True Student brand (Tortion Group)
Student Union of King's College go on strike as rent hike (8.1%) far exceeds inflation rate; financial aid has only been raised by 2.8% (The Tab)
Malaysia's Sunway Group acquires Green Wood Court student housing in Southampton. With 3 prior acquisitions across UK, its asset portfolio reaches 800+ beds (£75m) (Yahoo News)
JV between Eastwood and Westbrooke plans construction of PBSA sector on 10+ unconsented sites worth £50m-£100m (PBSAnews)
Council rejects modified plans for 160-student beds in Ipswich for not blending with the surroundings, despite an income potential of £205,597 for the local community (Ipswich Star)
New Constructions
After week-long anticipation, the 566-room student housing worth £150m has been approved in Brighton (Newstart Mag)
Centrally located theological institute (Cambridge) to be turned into student accommodation by Cambridge University (Cambridgeshire Live)
Watkins Jones Group proposes student housing tower with 750+ units in Glasgow, pending approval from City Council (Glasgow Live)
United States of America
Crisis in Student Housing at FAMU: Limited On-Campus housing leaves students struggling to find affordable housing (The FAMU Online)
555-bed "Icon" student tower to open in Summer 2025 near University of Texas (URBANIZE Austin)
UC Irvine adds 300 affordable student beds to its Mesa Court residence, set to open by fall 2026 (LA Times)
Mills Family student housing brings 64-bed dorms focused on the well-being of students in Durham (WRAL)
Australia
Tax incentives to the BTR sector might help the development of 150,000 new homes by 2033, bridging the projected gap of 79,300 homes, leading to a $250B growth in the sector (The Property Tribune)
Australia witnesses an unprecedented surge in student visa holders - 85% increase in just 14 months, with a staggering number of 590K of accepted students (Macro Business)
Europe
Livensa Living is BREEAM Certified across all its 19 assets in Spain and Portugal for promoting sustainable living (Brainsre news)
France adds €500 million in scholarship funds; increases existing financial aid to €37/month (Erudera)
Germany to face a deficit of 700K apartments by 2025 due to less affordable housing, high cost of living, amid energy prices (WSWS)
After Ghent and Brussels, Belgium's Leuven city is expecting a shortage of 4,000 housing by 2026 due to a growing population of younger international students (De Morgen)
Tilburg University (NL) offers emergency shelter amid housing crisis; warns new students not to enroll. (Innovation Origins)
Costa Club (Spain) to be converted into a 3-storey eco-friendly housing for students, teachers and social health professionals (Diario De Almeria)
Canada
Housing Stakeholders in Quebec plan new Housing constructions to address the housing deficit. Currently, 250K students are enrolled. (CTV News Montreal)
Western University plans two on-campus residences for an expected 50K students by 2030 to avoid crippling housing crisis (CBC)
Rent near University of Calgary increases by 3.8% in 3 months. Wait-listed students unable to find housing accommodation. University authorities seek nation-wide rental-cap (The Gauntlet)