UK & Ireland

Specialist PBSA investment consultancy Beachrock is bringing to market Saltwater Place Plymouth, an operational PBSA scheme in Devon. The sale price of £25m reflects 6.9% and a capital value per bedroom of £70,300.  

Empty offices near the M8 at Townhead could be turned into 150 student rooms under a plan submitted to Glasgow City Council. Developers want to convert and extend a building at Swan Street which has been vacant for over two years to provide student accommodation.

A 16-floor block of 432 purpose-built student flats in Glasgow city centre has been approved by planners. The development is being led by ES Renfield Ltd, part of McAleer & Rushe Property, and designed by Cooper Cromar.

Having been sold to a private investor for just over €5 million in 2018, the landmark Baker’s Corner pub in Kill of the Grange in south Dublin has returned to the market with a guide price of €7 million.

Collegiate UK, a leading provider of Purpose Build Student Accommodation (PBSA), has announced the appointment of Neil Burton as its new managing director. Burton joins the business to help deliver the next phase of growth and to further enhance Collegiate UK’s operating capabilities.

An empty office block could be demolished to make way for a 20-storey student development just outside Leeds city centre if plans are approved. The project would provide 717 bed spaces at the site on Duncombe Street, a report said.

The firm reported it was at last seeing an improvement in sentiment in the investment market bringing forward more opportunities. In the first half of the year, revenue rose 14% to £175m generating a modest profit of £2.1m after last year’s £43m full-year loss following provisions for building safety work.

A new 850-bedroom block of student accommodation has been proposed for Belfast. Irish investment house Elkstone Partners wants to build the scheme at 39 Corporation Street on the edge of the city centre and close to the Ulster University campus.

A former council office block in Huddersfield could be transformed into student accommodation under new plans. Should plans go ahead, each of the 107 studio apartments will come with an ensuite shower room, larger bed, study area, and hotel-style mood lighting. The development will also have fully wheelchair-accessible apartments.

Initially unveiled last year, the proposals by Varsity Developments would entail the full demolition of a tenement at 70-72A Waterloo Street and partial demolition of the B-listed Distillers’ Building at number 64.