Student and NHS key worker housing group Unite has bought four schemes with an end value of £51.5m.
The schemes in Plymouth, Portsmouth and Newcastle will be developed to provide a total of 1,294 student bedrooms.
White Swan, Portsmouth is a mixed-use development on an undeveloped brownfield site known as White Swan Car Park in Portsmouth city centre.
The company plans to deliver a 725-bed student residence for occupation by University of Portsmouth students in Autumn 2003.
In Newcastle, Unite is seeking planning permission to convert a building in the Gallowgate area into 112 study bedrooms for students.
Work is expected to start on site in January 2002 with occupation in autumn 2002.
Exeter Street, Plymouth, will house approximately 232 students.
The new-build scheme, which has planning consent, will adjoin Unite’s existing student accommodation, St Teresa’s House, which opened earlier in the year.
It is scheduled to be available in 2003.
Pearl Assurance, Plymouth, will provide 225 student beds through the conversion of vacant office space on the upper floors. The scheme, which has planning consent, is scheduled for completion in autumn 2002.
EGi News 13/12/01
