UK & Ireland

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.

One of Belfast’s best-known nightlife spots has closed its doors for the last time as it is set to make way for more than 200 student apartments. Filthy McNasty’s and its sister cocktail lounge Liquor XXX on the Dublin Road both closed their doors for the final time on new year’s eve.

Plans for an office block to be built above Southwark tube station could be revised, as a new scheme with an art deco-inspired design has been submitted for planning approval.