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US investor kickstarts UK student housing trio

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September 10 2019

US investor kickstarts UK student housing trio

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 0.2 acre brownfield site has already been cleared for the Glasgow build
A distinctive rooftop rotunda will top the tower
A distinctive rooftop rotunda will top the tower

A previously granted design has been revised
A previously granted design has been revised
A smaller 216-bed scheme will be pursued in tandem at Fountainbridge
A smaller 216-bed scheme will be pursued in tandem at Fountainbridge

19 Comments

Charlie_
#1 Posted by Charlie_ on 10 Sep 2019 at 15:06 PM
These renders of the tower on cathedral street appear to be different to the (dreadful) consented scheme. Has there been a revision?
UR
#2 Posted by UR on 11 Sep 2019 at 10:08 AM
Apologies – those images were of an old Joe Logan scheme before the project was sold onto Student Castle.

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.
Charles Ronnie McLintosh
#3 Posted by Charles Ronnie McLintosh on 11 Sep 2019 at 15:38 PM
They really should just demolish that building and build something new on the site ..... its an eyesore
Gandalf the Pink
#4 Posted by Gandalf the Pink on 12 Sep 2019 at 09:03 AM
#3
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.
Charles Ronnie McLintosh
#5 Posted by Charles Ronnie McLintosh on 12 Sep 2019 at 09:39 AM
#4 i know ..... it was a poor atempt at humour on my behalf.

not sure it was ever Stow College though

Nairn's Bairn
#6 Posted by Nairn's Bairn on 12 Sep 2019 at 11:06 AM
#5 Correct - it was the Wylie Shanks designed, Corbusier-inspired Glasgow College of Building & Printing, latterly absorbed into City of Glasgow College, and soon to be a hotel too.
Nairn's Bairn
#7 Posted by Nairn's Bairn on 12 Sep 2019 at 11:18 AM
Ps #4 & #5 Actually, doing some research, it was indeed originally Stow College when built, in 1964. Interesting!
Charles Ronnie McLintosh
#8 Posted by Charles Ronnie McLintosh on 12 Sep 2019 at 13:31 PM
every days a shcool day ..... i did not know that. interesting indeed
Charlie_
#9 Posted by Charlie_ on 12 Sep 2019 at 15:46 PM
The worst proposal Glasgow city centre's ever seen?
Bonvivant
#10 Posted by Bonvivant on 13 Sep 2019 at 09:54 AM
I'm old enough to have lived through this sixties stuff once already. I don't really want to have to do it again, even if it is better insulated.
E=mc2
#11 Posted by E=mc2 on 15 Sep 2019 at 17:30 PM
Is PoMo back?
A Local Pleb
#12 Posted by A Local Pleb on 16 Sep 2019 at 12:22 PM
A brutalist pile of s***e, hang your heads in shame for giving this consent GCC!
Charlie_
#13 Posted by Charlie_ on 16 Sep 2019 at 16:02 PM
I think thats an undue insult to brutalism, ALP. This is just value-engineerism.
Wheres Big Chantelle?
#14 Posted by Wheres Big Chantelle? on 16 Sep 2019 at 16:53 PM
..she would love this one....
Hectic Brocklebank
#15 Posted by Hectic Brocklebank on 16 Sep 2019 at 22:52 PM
Big channy is doing time with my brother-in-law in A wing. Helpful chap apparently.
Mr Optimistic
#16 Posted by Mr Optimistic on 17 Sep 2019 at 08:54 AM
PLEEEEEEEAAAAAAAAASSSSSSEEEEE never build this...
Cadmonkey
#17 Posted by Cadmonkey on 17 Sep 2019 at 10:28 AM
I like the little yellow framed boxy window thing on the top corner of the elevation. Would love to know the deep design theory behind it.
Nairn's Bairn
#18 Posted by Nairn's Bairn on 17 Sep 2019 at 11:45 AM
#17 This design seems to have taken its cue from the above-mentioned college building across the road, watering down the pilotis, cantilevers and rooftop features of that landmark to what we see here.

The yellow box however, is indeed inexplicable. An exit for the terminally depressed?
A Local Pleb
#19 Posted by A Local Pleb on 17 Sep 2019 at 12:12 PM
#16 it's on site!

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