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 Development 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.
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.
Concerns have been raised over the amount of new purpose-built student accommodation (PBSA) coming to Dublin.
The University of Salford and Salford Council have asked private companies to submit bids to help deliver the £800m Crescent masterplan.
Southwark Council have approved plans for a 905-bed student block at a site next to London Bridge Station and Guy's Hospital.
Investec Structured Property Finance has revealed it will provide a £53.5m senior debt facility to a joint venture between Scape UK and HG Construction.