Julian Gitsham, Principal, Sector Leader Education & Science at Hassel reflects on our recent talk on the demand and delivery of Purpose Built Student Accommodation.

The influx of students in London has put a strain on the existing supply of accommodation, prompting the need for innovative solutions to meet demand.

 

Current student numbers have surpassed the London plan estimate, highlighting the urgency for the industry to respond and provide affordable living options for students. It is crucial not only to accommodate the growing number of students but also to alleviate the pressure on other housing sectors, such as the private rented sector (PRS) and Build-to-Rent, which are facing their own challenges.

 

With demand already surpassing the supply of PBSA, it is imperative to explore policy and project innovations that can unlock the development potential in this sector and provide affordable accommodation, whilst balancing demands for housing provision to serve the pressing needs of communities in London. 

 

The cost-of-living crisis has further exacerbated supply and demand challenges. Higher interest rates are forcing private landlords out of the rental market, resulting in reduced availability of affordable private rental accommodation for 2nd and 3rd year students, forcing Universities to re-think their accommodation strategies and financing models. 

 

Due to challenging market conditions, universities are increasingly relying on public-private finance partnerships to secure capital. These partnerships involve collaborating with private entities to fund and maintain infrastructure projects on campus. This approach helps universities access expertise and resources while sharing future revenues. It's a way to overcome financial constraints and develop beneficial infrastructure.

 

The 804-bed Mithras Student Village by Hassell, located in the suburb of Moulsecoomb, serves as a prime example of how an innovative public/private partnership transformed a former car park into a vibrant centre for living and learning. The development was delivered through a tri-partite agreement between the University of Brighton, Brighton and Hove City Council, and a private student housing developer. 

 

Shared amenities and the need for balanced communities are key placemaking principles. By weaving cafes, social spaces, and commercial activity between the halls of residence and the wider campus, the Mithras Student Village fosters meaningful connections between the campus and the local community. This not only provides economic benefits but also emphasises the University’s commitment to offering a vibrant, world-class learning and living environment for its students. The transformation of the Mithras Student Village serves as a bold gateway for the city, positively impacting not only the university community but also neighbouring businesses and stakeholders in Brighton and beyond.

 

So how can industry work better together to deliver more affordable PBSA for London students?  The innovative approach showcased by the Mithras Student Village sets an example for the potential policy and project innovations that can be explored in the PBSA sector. By prioritising the student experience, creating vibrant connections, and incorporating sustainable design principles, the development of purpose-built student accommodations that meet the demands of a growing student population can be achieved in an impactful and meaningful way.