Global Student Living

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.