-‎Wire-

Plans for a new student accommodation scheme in the Hockley area of Nottingham have been given the go-ahead by the city council. The proposal outlines plans for an upward extension of the properties to add two new floors and convert the existing space into student accommodation to create a 49-bedroom scheme.

Avamore Capital, in collaboration with Kexgill Group and University Quarter, has completed a £5m development loan, its first PBSA facility, a significant milestone since its entry into the PBSA sector in late 2023.

Centurion Overseas Investments (COI), a wholly-owned subsidiary of Centurion Corporation, has established a joint venture with LionRock Property to invest in a student accommodation property in Hong Kong. The building will be refurbished and developed into student accommodations with a total capacity of 66 beds.

Unite Students, the UK’s leading owner, manager and developer of student accommodation, today announces an update on current trading and quarterly property valuations. Planning approval has been achieved on 500-bed Freestone Island project in Bristol. Meridian Place, Stratford has received resolution to grant planning permission at committee.

Singapore fund manager Cambridge RE Partners has made its second purchase of Australian student housing in three months with its acquisition of a 592-bed property near Sydney, according to an announcement by the firm.

Australia’s largest owner and operator of student housing is about to move up a grade with Scape announcing today that it has formed a fresh A$1 billion ($658 million) joint venture with the Netherlands’ APG Asset Management and Canadian pension fund manager Ivanhoe Cambridge to add to its portfolio of 17,200 operational apartments.

The government has announced it will ban student accommodation providers from enforcing minimum 51-week leases. The legislative change was introduced by Minister for Further and Higher Education Simon Harris to ensure student lease agreements can be confined to the academic year.

Privately owned student accommodation developer and operator – Fusion Group – has appointed Laura Kurt as its first Commercial Director.

London property developer Olympian Homes has secured £150m from London finance firm Cain International to deliver 275 student flats at Rialto House in Fishergate, York, plus 660 student flats at Cirrus Point in Leeds.

A building of up to 28 storeys could soon be constructed in Cardiff, housing student accommodation and commercial space, with a recommendation to grant planning permission. Topland Mercury Ltd and Colico Living (Cardiff) Ltd are seeking full planning permission for the redevelopment of the Friary House site in Greyfriars Road, Cathays.