UK & Ireland

L T Architects’ plans to create purpose-built student accommodation (PBSA) in Treforest were approved by Rhondda Cynon Taf Council’s planning committee last month. The scheme is to be developed on derelict land with a new building housing eight units on land south of 86 Wood Road.

National residential and commercial property developer – Godwin Developments – has appointed Stuart Munro and Richard Sanders as advisory members to its property board. The two highly experienced property professionals both have decades of experience.

Allford Hall Monaghan Morris (AHMM) has recently submitted new plans for a development above Southwark tube station, in central London, after previously being granted planning consent for an office complex.

The new purpose-built development has been officially handed over to operator Homes for Students, under its Prestige Student Living brand, which will be taking in students from January 2025.

Vita Ventures has moved on-site today to deliver the first student housing project of the New Year. Wasting no time following planning approval, awarded before the holidays, the applicant is pressing ahead with the delivery of 591 studio rooms at 20 India Street.

CDL Hospitality Trusts recently announced their first acquisition into the PBSA sector. The trust has purchased Benson Yard, a 404-bedroom PBSA development in Liverpool. Knight Frank valued the property at £39m, with the total acquisition cost reaching approximately £41m.

MRP NUH Ltd, a development company associated with McAleer & Rushe, has been granted approval by Belfast City Council Planning Committee and elected members for a £80m purpose-built student accommodation (PBSA) scheme in Belfast city centre.

WUKPG has sold the 136-studio Tatton House on Hathersage Road on behalf of a syndicate of Chinese investors. Empiric Student Property has bought the purpose-built student accommodation scheme for £19.75m.

Schwartz Family Company, Australia’s largest private hotel owner, has signed on as a key investor in the redevelopment of London Paddington hotel in a partnership with Singapore-based private equity real estate firm Prima Asset Management.

This deal marks Acis Group’s first financing arrangement via Blend, THFC’s wholly owned subsidiary launched in 2018. To date, it has provided more than £1.5bn in finance and facilities to 33 borrowers across the UK. THFC first announced in June that it had agreed the committed £20m loan facility with the housing association.