Queens University announces £100M investment adding 3,000 student rooms

Queens University, on 21st September 2023, announced a noteworthy investment of £100 million for student housing in Belfast, Ireland, according to the latest PBSA news. The sigh of relief amidst the striking surge in demand for student housing in the UK. According to current data, Belfast is home to nearly 45,000 students, with a predicted need of more than 3,000 rooms by 2025 Queen’s University. According to recent surveys conducted across the UK, the upcoming international student accommodation crisis of nearly 4,50,000 beds is speculated to be the reason behind the investment. 
According to recent reports, three sites, namely Dublin Road, Brunswick Street and Laganbank, have recently been acquired by Queens University. This acquisition is part of the city Council’s growth plan strategy for 2030. The construction spree is estimated to add up to 225 jobs in Belfast in the next five years. 
“The administration is preparing for the rise in demand for safe, affordable and high-quality student housing in the UK. The investment will help students find accommodation close to the campus.” Said Caroline Young, VC, Student and Corporate Services, Queens University
She adds, “Belfast is one of the most reputed university cities in the UK and Ireland. The city provides the best student accommodation in the UK in terms of price and amenities.” She also says, “The decision's impact will be positive for the city with new players entering the student housing market in the UK and better services.
Of the three sites, Dublin Road is the first location of the construction, which is to be done by Graham Construction & Engineering.  The site, once complete, will be a home away from home with 460 student rooms in Belfast. 
“They are looking forward to transforming the area and boosting the economy. They have also launched an Employment and Skills programme for the local unemployed residents”, said Gary Holmes, MD, Graham Building North.
“The company will work closely with community organisations to provide volunteering opportunities to their staff. The plan includes supporting local schools’ curriculum and offering site visits”, adds Gary Holmes.

Caroline Young says, “The long-term plan of the Queen’s University of adding 3,000 rooms will positively impact the economy. The investment will lead to a long-lasting impact on future generations of students.” To learn more about the HMO and PBSA market, list your property with us.

‍