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Fri March 29 2024

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£34m Nottingham student development progresses

24 Jan 22 Unite Students, a leading developer and manager of purpose built student accommodation, has acquired a development site in Nottingham city centre.

A typical Unite Students room
A typical Unite Students room

Unite Students has acquired a site on Lower Parliament Street in Nottingham city centre with planning consent for a 270-bed student residence.

Total development costs for the scheme, expected to open in September 2024, are estimated to be £34m.

Nick Hayes, group property director of Unite Students, said: "Through this opportunity we are able to cater for the increased number of students wanting to attend the University of Nottingham and Nottingham Trent University, both located in a growing regional city. This commitment increases our secured pipeline to over £800m, its highest ever level, and we continue to see opportunities to add further schemes in London and prime regional markets at attractive returns."

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MPU
MPU

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