News

Australia’s largest owner and operator of student housing is about to move up a grade with Scape announcing today that it has formed a fresh A$1 billion ($658 million) joint venture with the Netherlands’ APG Asset Management and Canadian pension fund manager Ivanhoe Cambridge to add to its portfolio of 17,200 operational apartments.

The government has announced it will ban student accommodation providers from enforcing minimum 51-week leases. The legislative change was introduced by Minister for Further and Higher Education Simon Harris to ensure student lease agreements can be confined to the academic year.

Privately owned student accommodation developer and operator – Fusion Group – has appointed Laura Kurt as its first Commercial Director.

London property developer Olympian Homes has secured £150m from London finance firm Cain International to deliver 275 student flats at Rialto House in Fishergate, York, plus 660 student flats at Cirrus Point in Leeds.

A building of up to 28 storeys could soon be constructed in Cardiff, housing student accommodation and commercial space, with a recommendation to grant planning permission. Topland Mercury Ltd and Colico Living (Cardiff) Ltd are seeking full planning permission for the redevelopment of the Friary House site in Greyfriars Road, Cathays.

Cal State University, Long Beach commenced work this month on a new project which will bring new student housing to the west side of its campus, Perkins&Will has announced.

The plans would see all of the 99 hotel rooms used as student bedrooms, with en-suite bathrooms. The existing communal facilities, including a large dining hall, lounge, kitchen, function rooms and recreation space, would be available for the students.

Blue Vista Capital Management has obtained $53.5 million in refinancing for Theory U District, a 171-unit, 441-bed student housing community in Seattle. PGIM Real Estate provided the floating rate loan on behalf of its core plus investment strategy.

In this Inbound Insight series article, we examine the rising number of Bangladeshi students choosing to study abroad and explore the priorities of this student cohort...

Capstone Collegiate Communities has assembled enough land in the West University neighborhood of Tucson to build a 144-unit/448-bed student housing project. Capstone successfully secured approximately 1.5 acres at the southwest corner of Speedway and Euclid.