Sixty-eight students left homeless mid-term

Marketgait Apartments in Dundee filed for administration in mid-July with sixty-eight rooms let. Students must find new housing as term begins.

Operator was still marketing rooms weeks before

Three weeks before collapse, Prestige Student Living urged students to book Marketgait's one hundred sixteen rooms. Weekly rent was one hundred ninety-nine pounds for a studio.

“Looking for your perfect student home in Dundee? Marketgait Apartments still have rooms available, but not for long!”

Owners failed to repay five point seven million pound loan

Real estate manager ninety North and Kuwaiti firm Rasameel owned the building. They could not repay a five point seven million pound loan, triggering administration.

Falling student numbers caused financial losses

Fewer students renting rooms left the company unable to fund fire safety work. The building closed while new owner ATK Property carries out repairs.

Students given one month to vacate and move belongings

Twenty-seven students had renewed contracts for next year. Seventeen had already left for summer. Others paid storage fees to keep possessions while finding new homes.

Housing activist describes students as anxious and shocked

James Elliot, twenty-one, a housing activist with Living Rent, said affected students were stressed. Many international students abroad could not move belongings in person.

“A lot of the students had contracts to stay there next year, but they were just told they had to leave in a month.”

Sector faces wider crisis with multiple collapses

Amare Students in Birmingham and Alma Place in Belfast both failed recently. Oversupply in some cities and falling international student numbers are driving failures.

Unite Group selling off fifteen thousand to twenty thousand beds

The UK's largest student housing operator posted a four hundred eighteen million pound loss. It is cutting its portfolio to focus on cities with strong demand.