-‎Wire-

Atelier has provided a £4.7 million loan at 70% LTV for a 19-month term to fund the conversion of a Category-A listed former hotel into a 48-room PBSA scheme in Aberdeen, North East Scotland.

Hong Kong’s student accommodation shortage is projected to nearly double to 147,200 beds by 2029-2030, driving investors to convert hotels and office buildings into student housing, exemplified by China Resources Longdation’s $953 million purchase of Hotel COZi Oasis for conversion into 900 beds.

Megan Kennedy has been appointed Chief Operating Officer (COO) at The Social Hub (TSH), where she will oversee operations across the company’s European portfolio.

The Building Safety Regulator has approved the first phase of a 2,300-bed student accommodation project at Cambridge Halls, Manchester, following planning consent from Manchester City Council, allowing construction to advance after demolition and groundworks have begun.

Landmark Properties and Peninsula Investments have delivered The Retreat at Bunn Hill, a 700-bed cottage-style student housing community in Vestal, NY, located 0.6 miles from Binghamton University, featuring 161 fully furnished units with private bathrooms and high-end finishes.

The Scion Group and Ares Real Estate funds acquired a 2,315-bed student housing portfolio across four Sun Belt properties for approximately $435 million, marking a significant expansion in key university markets including Texas State, University of Tennessee, and University of Georgia.

First United Methodist Church in Bloomington has signed a letter of intent with Chicago-based Core Spaces to sell its 1.6-acre downtown South Lot for $8.8 million, aiming to develop 350 to 400 student-oriented bedrooms.

Once complete, the University of Manchester’s £530m new-look Owens Park campus in Fallowfield is to be maintained and managed by PfP Students.

Letterkenny is set to gain a 198-bed student accommodation scheme aimed at easing local housing pressure and supporting demand from ATU Donegal students.

Kisii University plans to build a 19-storey student accommodation facility to address growing demand for affordable, modern housing as enrolments continue to rise.