Corporate property investors pump cash in to student housing

Corporate property investors pump cash in to student housing

22:09 PM, 27th January 2011, About 13 years ago

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Big student housing developments are still continuing apace despite finance problems squeezing the rest of the residential property investment market.

Corporates are still moving forward on plans for thousands of students letting rooms in purpose-built blocks all over the country.

Camden Council and the Mayor of London have agreed plans for a multi-million 657-room student housing project at King’s Cross.

With  flats to share or self-contained studios in blocks between 14 to 27 storeys, the building is next to the Channel Tunnel rail link.

Developed by Urbanest UK,  building is due to be complete for the 2013/14 academic year. offering students the option of cluster flats or self-contained studios.

Reading University is inviting bids for £60 million plans to redevelop the campus over the next four years.

Sibly Hall will be developed in to 100 homes and all student accommodation will move on to the Whiteknights campus.

1 in 8 living in Edinburgh is a student

Student flats are set to be built in the heart of Gorgie, as Edinburgh’s student accommodation sector continues to boom.

Chamic Estates announced plans for three buildings on Gorgie Road of between four and six storeys tall providing  330 student bedrooms.

The announcement follows a report by Edinburgh City Council identifying one in eight city residents as a student, making the capital’s student accommodation market particularly lucrative.

Student accommodation giant UNITE has five residences across the city. Ziggurat Student Living,  run by two former UNITE directors  is preparing to open a residence in Cowgate in time for the next academic year.

They have also secured a property in Sciennes for development in 2012 and  will target another eight to 10 sites over the next two years.

The University of Kent has unveiled plans for a new student village on Chaucer Fields, Canterbury, which have gone on display in the city.

The university wants to build a £60 million development including homes for 800 students, a hotel and conference centre.

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