UK & Ireland

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.

The real estate investment group has an established track record in acquiring underutilised assets and restoring trading performance. Their latest opportunity comprised the acquisition of a vacant prime site in Farringdon.

The University of East London (UEL) was granted planning permission by Newham Council's strategic development committee on Tuesday evening (February 20) so it could expand its Stratford campus and build uni halls for 650 students.