£84.5m secured to support delivery of student accommodation on former Royal Mail site in Nottingham
Bricks Group, development and management specialists in the student and co-living sectors, has secured £84.5m in funding from London Wall Lending to support the delivery of high-end Purpose-Built Student Accommodation (PBSA) on a former Royal Mail site in Nottingham.
The landmark new scheme will see the transformation of the former Bendigo Building site in the center of the city, which lay vacant for nearly two decades before its demolition in 2023. Once complete, the scheme will contain 752 beds over 13-storeys, with the potential to rise to 781 beds subject to planning permission.
The accommodation will be managed by Bricks’ in-house operating brand, true student, building on its brand portfolio of more than 7,000 beds across the UK. It will also provide a range of indoor amenities and landscaped gardens as well as commercial units on the ground floor for residents and the neighbouring community …