The sector for student accommodation is busy as usual this week and a lot of interesting projects have been announced. The market remains vibrant and continues to grow - check our round up:
New student housing project in Friargate, Preston
A new major development project in Friargate will provide 253 student rooms after completion. Portergate Properties and the Eric Wright Group, a construction company, agreed on a £18 million deal to build a modern, "hotel boutique-style" student housing complex. However, rooms will also be made available for young professionals (read the complete story here). These are good news especially for prospective students at the University of Central Lancashire.
Wandsworth Council approves £40 million investment at University of Roehampton
The University of Roehampton is looking forward to a new state-of-the-art library and additional student residence after the local Wandsworth Council has given green light for the £40 million construction project (read more here). Once completed the new student housing complex will provide 388 rooms; a conference site is also part of the plan. Contractor Osborne is in charge of the project. The plans for Roehampton are central part of a larger scheme that aims for modernising higher eduaction facilities across London worth £80 million.
£39 million student accommodation project in London
Student housing company Unite and developer Balfour Beatty agreed to work together on a new high-profile student accommodation project in Islington, London. The developers plan to build three new buildings that will provide 862 rooms with additional reception desks, commercial areas, and other shared facilities (find more info here). It thus follows the capital's trend of high quality student accommodation. London has over 350,000 students and is notorious for its very competitive student housing sector.
£100 million student housing project in Sheffield
Plans for one of the larger investments in student accommodation have been announced in Sheffield earlier this week: a Chinese backed proposal for a development project wants to build a complete complex of new student halls called "New Era Square" comprising of 21 stories. This would make it one of the tallest constructions in the city (read more here). Media source report that the building complex would provide close to 700 student rooms but also 70,000 sq ft of retail and office space. The developers could start working on the project in 2015. However, they still need to wait for approval from the local Council.