Unite Students invests €215m in sustainable PBSA project in London
UK student accommodation provider Unite Students is investing £185 mln (€215 mln) in a new eco-conscious project in London’s vibrant Stratford district …
News Articles
MRP launches The Place PBSA in Nottingham
Award-winning property development and investment company MRP has announced the launch of its new purpose-built student accommodation (PBSA) scheme The Place in Nottingham.
The Place will deliver 409 units with amenities including a gym, private dining room, study, breakout spaces and a sky lounge on the roof, offering panoramic views over the city.
Construction on the 11 storey PBSA scheme began in February 2023 and is scheduled to complete next summer in time for the 2024/25 student intake in September …
Unite Students to build 600-bed student accommodation at Temple Quarter, Bristol
- Unite Students has signed a build contract to develop a new circa 600-bed property
- With total development costs of £75million, Marsh Mills will be constructed adjacent to the University of Bristol’s new Temple Quarter campus, ready for the 2025/26 academic year
- Half of the rooms have been pre-let to University of Bristol students through a long-term lease agreement
- Unite Students has introduced carbon saving technologies into the build, which will save 7,300 tonnes of embodied carbon
Unite Students, the UK’s largest provider of student accommodation, is set to build a new 600-bed development at the heart of Bristol’s biggest ever regeneration project …
Harrison Street and Artisa Group JV acquires Viale Monza
Investment management firm Harrison Street launches a newly-formed programmatic joint venture with real estate development company Artisa Group, who have an established presence in the Swiss and European markets. The joint venture will see the acquisition of Viale Monza – a 260-unit residential development in Milan, Italy. Upon completion, Viale Monza will be managed by Swiss living operator City Pop, and will house both students and non-students.
City Pop currently manages a portfolio of apartments across Switzerland and Germany and plans to continue its expansion across additional properties in Italy and the Czech Republic …
Final phase of SOYO development approved – Leeds
Caddick Group has secured planning approval for the final phase of its SOYO development at the heart of Leeds’ cultural quarter.
Blocks A and D were approved by Leeds City Council’s City Plans Panel last week (30 November 2023). Both will provide new student accommodation.
Both blocks will comprise of a mix of studio and cluster flats, with the overall design complementing the rest of the new neighbourhood. Block A will bring 360 student units to the neighbourhood, adding to the 291 units due to be created at Block D …
A trio of PBSA companies have launched new brand Joivy
Joivy is the new brand name and identity given to the group that is composed of property management firm DoveVivo, ALTIDO and student accommodation provider Chez Nestor. As the first comprehensive residential platform in Europe, Joivy aims to offer a range of living spaces to its users, including student accommodation.
Bringing together the decades of experience and expertise of DoveVivo, ALTIDO and Chez Nestor under one identity, the platform now boasts a portfolio of 4,000 units located in 50 destinations and six countries.
Joivy pairs the experience of the leading companies in the co-living, short-term letting and student housing sectors and combines the knowledge, resources, and development plans attained by each to create an extensive platform that brings the European residential market together in one place …
Watkin Jones confirms Pease as CEO
Alex Pease stepped up the become Watkin Jones chief executive on an interim basis in July when predecessor Richard Simpson departed suddenly amid trading difficulties.
The listed building company, which specialises in multi-occupancy buildings such as purpose-built student accommodation (PBSA) student halls and build-to-rent (BTR) blocks, has now confirmed Pease in the role.
Alex Pease joined Watkin Jones in 2010 and took on the role of group investment director in 2013. He was appointed chief investment officer in 2021 and joined the board in 2022 …
NEWS Inspector grants Downing planning for 555-room student housing scheme in Sussex
The student accommodation developer Downing has been granted planning permission to build a 555-bedroom block, in Falmer, near Brighton.
The purpose built student accommodation (PBSA) will provide 555 bedrooms within two six-storey wings, with an interlinking two-storey social hub between the two buildings.
The accommodation will consist of 397 student cluster rooms, 130 self-contained studio apartments, 18 accessible studios and 10 accessible cluster rooms …
Endsleigh and Unite shake hands on student wellbeing deal
Howden Group company and education solutions provider – Endsleigh Insurance – has announced that it has signed a first of its kind deal with student accommodation provider Unite Students. The partnership is set to provide new 24/7 wellbeing and mental health services to 70,000 students, particularly for those residing in Unite Students’ schemes.
Designed to complement and support the operators existing wellbeing support, Endsleigh’s 24/7 Student Wellbeing Helpline and Digital Therapy provides students with unlimited access to a British Association for Counselling and Psychotherapy (BACP) accredited, 24/7 counselling helpline. It also has an interpretation service in over 240 languages and online support resources including cognitive behavioural therapy.
The Unite Students 2023 Applicant Index reveals one in three university applicants, a total of almost 154,000, missed lessons at schools, colleges and sixth-forms in the last two years due to their mental health. A quarter (24%), from the survey of 2,141 applicants who were planning to start an undergraduate degree in the 2023-24 academic year, said they felt lonely all or most of the time – part of the reason Unite Students has joined forces with Endsleigh …
The Class Foundation and Savills discover PBSA investment growth
Non-profit organisation The Class Foundation and real estate company Savills’ new European PBSA Investment Barometer Report reveals that 93,600 beds, equating to €12.3bn in investments, can be expected over the next two to five years. This will be led by Spain, Italy, Germany, France and Portugal.
Published during The Class Foundation Conference in Barcelona today (9 November 2023), the report includes findings from a survey of 11 European investors and operators who collectively manage PBSA assets worth €17.8bn, totalling 122,500 PBSA beds.
According to Savills, there are currently 1.94 million PBSA beds (public and private) across Europe, with an estimated total value of c.€286bn. Respondents to the survey expect to see significant growth in the number of private beds being added to the European market, with a further 93.6k expected over the next few years. This equates to an additional investment of €12.3bn in the delivery of new supply …