US investor kickstarts UK student housing trio
September 10 2019
Appetite for new student housing remains undimmed with a US investor committing £64m towards the development of hundreds of new homes in Glasgow, Edinburgh and Sheffield.
Investec Structured Property Finance will loan the cash to CA Ventures, financing a 422-bedroom tower on Glasgow’s Cathedral Street in addition to a 216-bedroom development at Dundee Street, Fountainbridge, in a sign of the ongoing appeal of the university sector to outside investors.
Occupying a prominent junction opposite Queen Street Station the Glasgow build will comprise a ‘landmark’ 18-storey tower designed by Urban Office Architects while its Edinburgh counterpart would take the form of a more modest 216 home development by GWP Architecture.
A 250-bed student housing development in Sheffield will also be progressed under the funding agreement.
All three projects are expected to welcome tenants at the start of the 2020/21 academic year.
A 0.2 acre brownfield site has already been cleared for the Glasgow build
A distinctive rooftop rotunda will top the tower
A previously granted design has been revised
A smaller 216-bed scheme will be pursued in tandem at Fountainbridge
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19 Comments
It had lain dormant with contractors changing before CA Ventures came on board in turn, asking Corstorphine + Wright to rationalise elevations and internal layout in April.
I’ve uploaded images of the current scheme.
This is a new build on a brownfield site opposite the multistory car park. I believe you are talking about the old Stow College tower is across the road.
not sure it was ever Stow College though
The yellow box however, is indeed inexplicable. An exit for the terminally depressed?
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