UK & Ireland

A £500m equity injection has been secured by Birmingham-based developer and investor, Sama Investments. Funding will help the group’s wider strategic approach of identifying PBSA and residential opportunities which could benefit from its specialist regeneration approach.

Plans have been unveiled for a 623-bed student accommodation scheme on the site of a Mecca Bingo hall in north London. Real estate investor Tri7 and student housing developer Fusion Group have submitted proposals for the mixed-use scheme in Wood Green to Haringey Council.

A developer is making a second attempt at getting approval for a massive student accommodation development at the former Marks and Spencer site on Sauchiehall Street. Original plans by Fusion were refused by Glasgow’s planning applications committee in November.

Developer Re:shape Living has purchased a site on Macbean Street in Woolwich, with plans to create a new development for co-living and student accommodation. The site could also include a new two-storey community space and public realm, according to the developer.

Beachrock has been appointed to sell a £90m portfolio of purpose built student accommodation (PBSA), comprising 1,494 student bed spaces. The seven assets are located in four university cities with each bed worth £60k.

Irish Minister for Further and Higher Education Simon Harris has announced that he will amend legislation to crack down on the practice of forcing students to take leases longer than their term times.

Alumno and Hurlington Capital have recently celebrated a significant milestone in their collaborative venture, receiving planning approval for a new student accommodation development adjacent to the Olympic Park in East London.

The City of York Council is on the brink of approving a major development for student accommodation at 15 Foss Islands Road, a move that could end months of debate and planning refusals.

Far East Orchard Limited, a renowned name in the real estate sector, has reported a remarkable financial performance for the fiscal year 2023. The company's net profit surged to $66.0 million, primarily driven by significant fair value gains on its investment properties, particularly in the UK's Purpose-built Student Accommodation (PBSA) sector.

The Manchester-based specialist property management firm has appointed Michelle Cliffe as head of estates and Benedict Lane as head of compliance and risk.