Starwood Capital Group has entered into its first debt transaction in Australia, providing a EUR 123.5m facility to fund the construction of the world's tallest student accommodation tower.
Student Accommodation News
A new student accommodation development in Swansea, which consists of 310 bedrooms across 14 stories, has now had RDM Electrical and Mechanical services contacted by Create Construction.
The company homes for students have acquired an estimated 3.5 million pound investment as part of a ten-year contract with Knight Frank Investment management. St Leonard's House, which is a new purpose-built scheme, owned by Lancashire county council, is available to students from the beginning of the academic year 2019.
Vacant offices in Coventry are to be demolished and rebuilt as student accommodation. The city council has just approved plans that will see the disused offices of Sovereign House on Queens Road destroyed and rebuilt as 32 one-bedroom apartments that will be available to students.
Five fire brigade crews rushed to the scene of a blaze at Northernhay House around midday yesterday after a fire erupted on the fourth-floor kitchen.
The giant Watkin Jones new CEO just closed a £2.2 million pound handshake deal to build a number of build to rent (BtR) properties, which will see 1,800 apartments by 2023, across the UK and Ireland.
Unite Group has announced that the Unite UK Student Accommodation Fund (USAF) has raised £250 million of new equity from external investors. The proceeds represent 17% of USAF's NAV as of March 2019.
A developer wants to convert the space above The Alchemist in Nottingham to student accommodation. The building, initially designed by the Victorian architect Alfred Waterhouse in the 1890s, area currently remains vacant and is formerly office space; the plans would result in the two floors being converted into 23 student self contains flats and bedrooms across the upper floors.
Based at the University of Hull, a new £3.4m innovation centre has opened, which aims to tackle long-term flood risk across the Humber.
A new appeal was launched by residence in Norwich in an effort to stop a new development that would see an increase of over 280 student flats in the cities town centre. The residents claim that the increase would place a strain on the local services and would “dwarf and overshadow their homes”