I still question why you would tender for exactly the same number of beds as Wrexham Village if it wasn't to replace them.
It can't be for that based on the statement. The statement notes the move is due to "increased demand for accommodation". So maintaining status quo would not solve that.
It also does note that numbers are up in part due to "increased awareness of our city", which I take as a nod to the show. Makes sense more students would want to come, and you need to add housing inventory, not change it's location. It's a negative positive. Can't get the land we want, but it's because all boats are rising in the rising tide, including the University. Good, but still an aw shucks.