McLaren Property has bought a site in York for a 326-bed student housing scheme.
The development arm of McLaren Construction Group will now proceed with consented £25m DLA Architecture-designed plans.
The scheme, which comprises two four-storey blocks, is located close to both the University of York and York St John University.
The land was purchased for around £4m from Yorvale and Maple Grove Developments. Completion is scheduled for June 2016.
DTZ and Lawrence Hannah acted for the vendor; Tudor Toone advised McLaren.
joanna.bourke@estatesgazette.com
