The changing face of student accommodation

Alex Johnson

SCAPE 61638 People Final 300x224 The changing face of student accommodationStudent accommodation is a booming area of the property market. Real estate specialists CBRE’s latest report shows that investors spent £2 billion during the first nine months of 2012, a jump of 145% over the same period in 2011, with more than half the total investment outside London.

This is also another property sector in which demand is outstripping supply – Savills has suggested that just in London there will be a shortfall of more than 33,000 bed spaces by 2016.

The actual accommodation itself is very different from the kind of digs previous generations experienced. Scape Living – which plans to develop more than 2,000 student beds in central London over the next three years – has just opened a new student residential academic campus in Mile End which as well as providing 600 student beds for students offers 25,000sq ft of teaching facilities as well as its own Thai-fusion restaurant, wifi throughout, gym, and cinema room.

Scape COO, Tom Ward, said: “The market has evolved significantly over the last five years, particularly in London. Students are now consumers in their own right and demand a higher quality living experience and want to ensure their living experience matches the quality of their education.”

JS ARD SCAPE 63352 The changing face of student accommodation
JS ARD SCAPE 63399 The changing face of student accommodation

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  • GwendolenMeiMeiWilliams

    Wow….certainly these pics don’t resemble the student flats and houses I lived in!

  • Beth Noakes

    What this doesn’t mention is that these properties are of course far more expensive than previous student halls – and many students don’t get a choice about paying huge sums if they want a place in hall. On top of tuition fees it adds up to large debts.

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