Regions

Far East Orchard, through its joint venture company (JVCo), has acquired a freehold development site at 325 Borough High Street, Southwark, London, for GBP60 million ($102 million).

Telford Living, the UK residential development arm of Trammell Crow Company (TCC), has exchanged contracts to acquire a major site in Stratford and has submitted plans for a new PBSA scheme. Subject to planning approval, construction is expected to start in 2028 and practical completion is targeted for 2032.

McLaren Property has obtained planning approval for a 291-bed purpose-built student accommodation (PBSA) development at 1-3 Sussex Place, Hammersmith, West London, featuring 147 cluster apartments and 144 studios, with 35% of units offered at affordable rents.

Wavensmere Homes and Redford Developments secured approval for Waterway House, a 300-studio co-living scheme near Nottingham railway station, designed by Corstorphine & Wright and operated by VervLife, marking Nottingham’s first purpose-built co-living development.

China Resources Longdation acquired two hotels in Kwai Chung for HK$440 million, converting the 24-story Hotel Ease Tsuen Wan and 21-story Hotel Ease Access into student housing with a combined total of 330 rooms.

Vail Williams has appointed Luke Kemp as partner in its Thames Valley valuation team, strengthening its presence in Reading, Oxford, and the wider region with his 20+ years of valuation expertise.

The Dutch government will increase annual funding for shared student accommodation from €25 million to between €60 million and €65 million starting in 2029, aiming to address the persistent national shortage of around 20,000 student rooms.

Tampa-based Society Hill Capital and Liberty Group, led by Punit Shah, are jointly investing over $300 million in three student housing developments totaling 1,681 beds near the University of Florida, Florida State University, and the University of Tennessee, expanding their footprint in key university markets.

Multiplex has delivered Journal Student Living’s Market Way purpose-built student accommodation (PBSA) project at 100 Franklin Street, Melbourne, ahead of schedule.

Cushman & Wakefield has been retained to market Post Chicago, a 421-bed, 126-unit multifamily co-living community in Chicago’s Lincoln Park/Old Town corridor, representing one of the largest purpose-built co-living investments in the local market.