A block of student flats is to be built close to St James’ Park.
Newcastle Council’s planning committee granted permission for a 10-storey building on Pitt Street in the city.
Crosslane Investments Ltd plan to develop 214 studio apartments on the site of the former Magpies Club …
Liverpool property group Downing has announced £90m plans to develop two student accommodation schemes in London and Cambridge, providing a total of 770 bed spaces.
The developer, which owns Liverpool landmarks such as Old Hall Street’s Capital Building and the waterfront Port of Liverpool Building, has completed the acquisition of a site in Acton, West London, from Goldcrest, and exchanged contracts to acquire three plots in Cambridge. Both sites have existing planning consent.
The move is in line with the group’s strategy to acquire sites in major UK student centres with a focus on top- tier university cities …
Vinci Construction UK has been named preferred contractor on developer Iliad’s East Village, Liverpool
The £10m multi-storey student accommodation project in Liverpool consists of 261 student rooms, comprising of 225 flats of 4-6 en-suite rooms.
This project follows on from the successful completion of the £40m, Bagot Street I in Birmingham, which consisted of two blocks with 119 multiple bedroom student flats …
A proposal for a seven-storey building in the centre of Inverness which will house student flats and shops has been branded as ‘boring’.
The new development will cost around £5 million and would be the first part of a student hub in the city. The Inverness Civic Trust has described the design of the building as ‘soulless and boring.’
The building would house three shops on the ground floor and six floors of student flats above on a site next to the Rose Street retail park …
The UNITE Group plc, the UK’s largest developer and manager of student accommodation, today announces that it has secured a new £121 million, 10 year debt facility with Legal & General. The all-in cost of the new borrowing, which is at 60% loan-to-value, is fixed at 5.05% for the duration of the loan. The loan will amortise to £109 million, 55% loan-to value, by 2022.
Together with headroom in other existing facilities, the new loan provides capacity to pay down the Group’s remaining facilities that mature in 2013, extending its next refinancing event until May 2014. Following the refinancing, the Group’s weighted average debt maturity increases to 3.5 years.
The transaction reduces the Group’s see through cost of debt by 10 basis points from 5.7% at 31 December 2011 to 5.6% , generating proforma annual savings of approximately £0.6 million. These savings will offset the swap break costs amounting to £4.7 million (3 pence per share) that have been incurred as part of the transaction and will be recognised in the first half of 2012. Following the transaction the proportion of the Group’s debt that is hedged has increased from 69% at 31 December 2011 to 80% …
Concerns have been raised about plans that would see nearly 300 more student flats built in Leicester.
Developers have drawn up plans for two schemes to build apartments on former factory sites in the city.
Barton Willmore wants to build a seven-storey and five-storey building, making up 96 flats, in York Street, while The Base Ltd has lodged plans for an eight-storey complex with offices and 196 flats on where the Pretty Legs hosiery factory stood in Highcross Street before it was demolished seven years ago …
Plans for a controversial student village were withdrawn this morning (Friday).
Bell Developments is no longer pursuing its current planning application for a 2,500-bed student village, sports facilities and car parking on green belt land between Blacon and Mollington.
However, it is understood Bell intend to amend the plans with a view to resubmission in order to address some of the concerns raised during the consultation process …
Accommodation at Lancaster University has been ranked second in the UK in the Times Higher Education Student Experience survey.
More than 14,000 undergraduates took part in the latest survey which was headed by the University of Cambridge, with Lancaster in joint second with the University of Dundee, and the University of Oxford in joint fourth place.
Like Oxford and Cambridge, Lancaster University provides most of its accommodation through colleges …
A major redevelopment of residential student accommodation on the Stirling University campus moved one step closer this week.
The university wants to demolish existing buildings and build 80 flats, 22 studios, 11 townhouses and nine family flats.
Stirling Council planners are backing the proposals subject to conditions.
The university finished a comprehensive review of its residential strategy in 2010. It concluded that part of the original on-campus accommodation was past its best and would need major change and substantial investment if it were to meet future requirements …
A boom in university developments is under way around the country, according to research by the builders behind a £116m revamp of a Southampton University campus.
Wates Construction found 89 per cent of higher education institutions will carry out a £5m-plus construction project within the next year.
A survey of 52 higher education estates professionals by Wates showed that attracting more students is the main motive for more than half of the planned big projects at UK campuses …
“Blackstone engaged with TigerLime to provide client representation on our Victoria Hall portfolio and to provide a strategic review of the portfolio. I would recommend TigerLime’s services and would engage with them again on any future student accommodation transactions.”
James Lock (Managing Director of Real Estate) Blackstone LLP
