For years student accommodation was known best for dingy dives portrayed in TV sitcoms like The Young Ones, but the next generation of learners can now enjoy £225million digs.
Student accommodation in South Africa gets R150 million boost from the World Bank Group May 13, 2021, 11:50 AM
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Students studying at South African universities and colleges are struggling to find affordable accommodation.
The International Finance Corporation says that there is a shortfall of more than 500,000 beds and has invested R150 million in a local property group to develop more dedicated student housing units.
Eris, which has developed commercial properties across Africa, will add this latest investment to a R500 million injection received in 2020.
Four-bed units in Eris’ inaugural Tshwane development cost R4,640 per month, including water, electricity, and Wi-Fi.
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Student property developers could pay towards affordable housing in Nottingham
The council is receiving unprecedented numbers of planning applications for student halls
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Developers of new student accommodation in Nottingham may have to pay towards affordable housing in the city.
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Ares Management Corporation: Ares Management and Generation Acquire Purpose-Built Student Accommodation Assets in UK
Ares Management Corporation (Ares) (NYSE: ARES) and Generation Partners (Generation) announced today that a joint venture established by a fund managed by the Ares Real Estate Group and Generation have acquired two student accommodation assets providing a total of 1,359 beds in the cities of Exeter and Cardiff for £157.5 million. This new initiative by Ares and Generation is part of a targeted residential investment strategy that will focus on Purpose-Built Student Accommodation (PBSA) assets in the UK.
The two assets which were recently completed by Mace Developments provide high quality buildings with a wide range of room types and an excellent provision of internal and external amenity spaces in two very strong locations.