UK
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Student accommodation specialist GSA has launched a new UK-wide £300 million construction programme.
The company will build over 3,000 beds in purpose built accommodation for students in Birmingham, Cambridge, Portsmouth and Plymouth. The programme is scheduled for completion by the end of 2019.
Various sites under development are:
• Bentley House, Birmingham, is being delivered by Pochin Construction, and will provide 534 student beds from July 2017
• Catherine House, Portsmouth, is being delivered by McAleer & Rushe, and will provide 1,000 student beds from August 2017
• Beckley Point, Plymouth, is being delivered by Kier, and will provide 507 student beds from August 2017.
* 217 Newmarket Road, Cambridge, is on site with Watkins Jones and is planned for delivery in summer 2018, providing 219 student beds.
GSA also has two sites in planning and procurement stages:
• 130-138 Holdenhurst Road, Bournemouth, is planned for delivery in summer 2019 and will provide 403 student beds.
• 21 Lansdowne Road, Bournemouth, is planned for delivery in summer 2019 and will provide 550 student beds.
In addition, the company has made two new appointments to spearhead its construction drive, with Christian Davis and Kenny Oke set to lead GSA's UK Real Estate team.
Mr Davis will act as head of acquisitions and is responsible for delivering 20,000 student beds within the next five years. In addition, Mr Oke has been selected as head of construction and will oversee the procurement/delivery of the company's UK development sites.
Tim Mitchell, GSA's Chief Executive Officer for EMEA, said: "The UK maintains its reputation for having some of the best academic institutions globally. There will continue to be high demand for well-maintained purpose-built student accommodation from both home and international students, managed in conjunction with our emerging global portfolio.
"With GSA's drive to develop 20,000 beds in targeted UK cities, we're confident we'll help satisfy a significant proportion of that demand over the next three years, working with some great contractor partners."
(LM)
