-‎Wire-

Major plans for new student accommodation blocks in the heart of the city centre have taken an important step forward. The proposals are seeking permission for the demolition of all existing student accommodation on site and the erection of two new buildings on land near where the emerging Octagon tower is being built.

Luxury student housing company The Hive Hostels, which operates in over 10 cities across India, has raised a pre-IPO funding of Rs 11.5 crore. The funds raised will be channelled into the development of Aurus, a luxury extension of The Hive Hostels designed to offer exclusive and high-end student residences.

Cushman & Wakefield has arranged $77 million in refinancing for Junction 49, a newly developed student housing community serving the University of North Carolina at Charlotte (UNC Charlotte).

Wrexham University has launched preliminary work that could see new student accommodation built on the Plas Coch campus. The development is in the region of 322 bedroom student accommodation, plus associated ancillary facilities.

Portman, 908 Group, Canyon Partners Real Estate and PTM Partners have partnered up to develop a student housing project (“The Hall”) on the Florida State University (“FSU”) campus across from Legacy Hall, the future home for the FSU College of Business.

Australia will introduce a cap on the number of new international students it accepts, as it tries to reduce overall migration to pre-pandemic levels. The nation has one of the biggest international student markets in the world, but the number of new enrolments will be limited to 270,000 for 2025.

Far East Orchard has established its first private fund in Singapore, and completed its first closing of £70 million (S$120.1 million) on Thursday (Aug 22).

A new landmark development for Journal Student Living in an area undergoing an exciting transformation in Melbourne’s CBD is nearing completion. Nestled within the Queen Victoria Market precinct, the site is located on Market Way at 100 Franklin Street.

Greenwich Council’s old Riverside House offices in Woolwich could be enlarged and converted into student accommodation and a hotel under plans published this week.

A planning application has been submitted to transform the building at 250 St Vincent Street into a 150-bed accommodation. The structure was built in 1878 and is category B listed. It historically housed a hotel and has been empty since 2018.