Government gives go ahead for 37-storey student housing scheme
The government has decided against listing a historic Manchester cotton mill building, meaning that plans to turn it into a 595-bed student housing scheme can now proceed …
News Articles
MRP NUH granted planning for Belfast PBSA
MRP NUH Ltd, a development company associated with McAleer & Rushe, has been granted approval by Belfast City Council Planning Committee and elected members for a £80m purpose-built student accommodation (PBSA) scheme in Belfast city centre.
The development of the 895 units will see the demolition of a block of buildings between Castle Street, Queen Street and Fountain Street. A car park and Westgate House, on the corner of Castle Street and Queen Street, will also be taken down. The site is approximately 0.6 hectares.
Amenities will include a gym, cinema, meeting/study rooms and laundry rooms. MRP NUH hopes that the development will help rejuvenate the currently rundown Castle Street area …
Original Investments secures planning for Sunderland PBSA
Original Investments has been given the green light to convert two empty shops into a purpose-built student accommodation (PBSA) development in Sunderland.
The unoccupied units, in the Park Lane area of the North East city, were once a bedding store and children’s attire outlet. However, both have been unused for a number of years. Now Sunderland City Council planners have approved the scheme for 46 studio apartments …
Vita secures planning for Glasgow’s India Street PBSA
Vita Group’s plans for a new PBSA scheme at India Street have been given the go-ahead. Glasgow City Council approved plans for the 20 India Street site, which includes the delivery of 591 PBSA apartments.
The project, designed by Sheppard Robson, will replace the Strathclyde Regional Council office, which has been empty since 2015.
The India Street development will feature high quality, spacious, individual Vita Student studio bedrooms with integrated kitchens and en-suite shower rooms …
The Social Hub to open three new hubs in early 2025
New locations will open doors in Florence, Rome, and Porto taking The Social Hub’s portfolio to 21 across 19 cities
Porto will mark first move into Portugal in significant strategic play for the brand, offering the city a new model that blends together unique communities
The Social Hub Florence Belfiore and Rome locations include stunning public parks described as ‘hidden oases’ for locals and visitors to the cities …
GSA enters Milan market with Trentacoste PBSA acquisition
GSA continues to implement its European growth strategy with the acquisition of the 515-bedroom Trentacoste development site in Milan. The company’s market entry is the next step in executing its strong investment pipeline as the company builds scale across key Italian and European cities.
The strength of GSA’s global experience and expertise in developing and investing in PBSA has supported the underwriting and investment plan across Italy.
With its strong European presence coupled with significant investment experience in the region, GSA is strategically positioned for growth …
Vita Group launches uhaus all-inclusive BTR brand
Vita Group has launched uhaus, a BTR brand which includes bills, cleaning and other services included in the rental price.
Vita Group opened the doors to its first BTR scheme at the start of 2021. Vita Living Circle Square East was the first of two towers at Manchester’s Circle Square development to open with its North tower opening in Q3 of 2021. Amenity rich, with resident lounges featuring places to work from, a gym, private dining rooms, the buildings achieved stabilised occupancy ahead of schedule.
The new brand has been conceived to cater for post-pandemic flex living. Russell Hayes, Vita Group director of residential, said: “Let’s be clear, Vita Living was and would still be considered a state-of-the-art build-to-rent brand, offering a product which provided a very high standard of urban living. However, our habits surrounding the way we live and work have changed more over the last five years than they have in the two decades which came before them, and whilst today there are BTR products launching to the market which mirror Vita Living’s product offering, we strongly believe that that product offering doesn’t meet the needs of today’s residents. Through regular in-building research, as well as Vita Group’s large research projects, we identified that new working and living habits required new, purposefully designed spaces to create a cohesive build-to-rent ecosystem for today’s resident. It’s why we’ve invested millions into what we believe represents the future of BTR, uhaus, a brand which aims to tilt the balance of daily life in your favour.” …
Amro joins forces with Invesco Real Estate to target Iberia
Amro Partners has joined forces with Invesco Real Estate, the USD 90bn global real estate investment business of Invesco Ltd. (NYSE: IVZ), to pursue opportunities in the Iberian residential market, starting with the acquisition of two new projects in Spain.
The first project will comprise 400 new student beds in northern Spain, a 15-minute walk from one of the biggest and most renowned universities in the country. In Madrid, the development will feature 166 beds in the Moncloa-Aravaca district, in the northwest of the city, close to several university campuses including Moncloa – the main university campus in Madrid …
Sama secures planning for Charter House PBSA
Birmingham-based developer and investor – Sama Investment Group – has secured planning approval by councillors for Charter House, a 130-bedroom PBSA at the edge of Coventry city centre.
The development will see an industrial site on Charterhouse Road transformed to deliver a new PBSA scheme across four and six-storey buildings.
This is accompanied by a dynamic range of amenities including study areas, lounges and a gym. Outdoor courtyard space and garden areas overlooking Sherbourne River are also included in the proposals, with the aim of maximising the student experience and wellbeing, within a natural environment …
Cain & Olympian Homes acquire St James House PBSA
Cain International has announced its acquisition and redevelopment plans for St James House in partnership with UK-based real estate developer, Olympian Homes.
The scheme, set to be the tallest in Bristol at 28-storeys, will provide 574 beds and brings Cain’s purpose-built student accommodation (PBSA) equity platform to a total gross development value (GDV) of approximately £800m.
This represents the delivery of 3,000 beds across the UK, following the development of five PBSA assets completed in 2023 …