Round Hill Capital appoints new chief at Nido Collection
Round Hill Capital has appointed Brian Welsh as chief executive of student housing group The Nido Collection …
News Articles
Unite’s 30-storey Manchester tower set for approval
Proposals to create more than 1,500 apartments across four-high-profile Manchester schemes are on the verge of securing the green light, including plans for an eye-catching 30-storey tower just off Oxford Road.
Manchester City Council’s planning committee will meet on Thursday, 19 October 2017 to discuss a host of major residential schemes.
One of the schemes is a full planning application by Unite Students to build a 30-storey tower comprising four distinct stacked segments, creating a twisted appearance, at 1-5 New Wakefield Street near the junction between Oxford Road and Whitworth Street West. There would be 573 student apartments in total, with 70 cluster flats of between five and ten beds and 56 studios …
National student accommodation provider eyes Nottingham
A nationwide student accommodation provider has told TheBusinessDesk.com that it is considering entering the Nottingham market.
Vita Student, which is based in Manchester, has accommodation blocks in Manchester, Southampton, Newcastle, York, Bristol, Liverpool, Exeter, Glasgow and Edinburgh – and is now looking at Nottingham.
The firm has made its name on providing exclusive events for residents and their friends in its “hub spaces”, including fashion shows, parties and gaming nights …
Downing has secured planning permission from Lambeth Council for a 37-storey student tower
Liverpool-headquartered property developer Downing has secured planning permission from Lambeth Council for a 37-storey student tower and a six-storey commercial office scheme in Vauxhall.
The proposed £200m development on Miles Street off South Lambeth Road will create 841 student beds including a range of studios and en-suites with a choice of either five-, six- or seven-bedroom cluster units. The scheme will also incorporate a 2,164 sq ft ground-floor café and reception area.
Meanwhile, a second building features 38,567 sq ft of open-plan, commercial office space with a multi-use games area on the roof. The main entrance is positioned inside a central courtyard within the site that could be used as outdoor space for tenants …
High-rise student flats – what is driving the developers
In the last few weeks, thousands of new students, most in their late teens and leaving home for the first time, have descended on university cities to begin their studies.
After months of quiet emptiness in the areas of cities like Cardiff and Swansea which they dominate, student life has returned with a vengeance …
More student accommodation planned for Durham as part of £85m development
Ambitious plans to invest £107m into Durham University are progressing with the development of a new site reaching the final design stages.
The university is preparing to submit a planning application for its £85m Mount Oswald project and has just opened new student accommodation at Sheraton Park.
Both schemes are part of the university’s 10-year programme that includes investment in the science building, existing colleges, the education department and Elvet Riverside …
Global student housing investment breaks records
Global investment into institutional student housing broke records in 2016, reaching $16.45 billion and surpassing the previous annual record of $15.6 billion set in 2015, says international real estate advisor Savills.
According to Savills, total volumes by dollar value increased by 5.4% globally in 2016 – double the levels seen in 2014 – as several newly built portfolios of scale traded for the first time and investors continued to recognise the mainstream investment opportunities in the sector and its role as a gateway to other residential assets. Investor interest was focused on the US and UK, the most mature global markets where the majority of investable institutional student housing stock can be found …
£2.3 billion invested in UK student halls of residence year to date
The amount of capital that international investors are piling into building new student accommodation blocks in the UK has shown no sign of abating so far this year.
Property consultants CBRE said that £2.3 billion of capital from across the globe has been invested in student halls of residence in the year to September.
There has been a boom in purpose-built student accommodation in the UK as global institutions, sovereign wealth funds and real estate investment trusts look for safe and stable places to put their money at a time when the number of university students continues to rise …
£20 million iconinc luxury student accommodation comes to Lincoln
The Parklane Group has unveiled plans to expand its luxury student accommodation brand, IconInc, into Lincoln with a £20 million development set to open in 2019.
With 138 luxury apartments, the Lincoln IconInc development will commence construction early in 2018 and be situated in the very heart of the City Centre, just a short walk from Lincoln University and Central Station.
IconInc specialises in creating high-end, luxury student living with facilities and infrastructure that aim to improve university life …
Unite Group portfolio 99% let for new academic year
Student accommodation manager and developer Unite Group updated the market on its current trading on Tuesday, confirming it was currently 99% let across its 49,000 bed portfolio for the 2017/18 academic year.
The FTSE 250 company said beds under nomination agreements with universities had increased to 29,063, beds representing 60% of Unite’s portfolio compared to 58% in the last academic year, with 40% directly let to students.
It said that sales performance would deliver annual rental growth at the mid-to-upper end of the board’s 3.0-3.5% expectations …