A new £40 million student accommodation project is to be built in Birmingham.

The 435-bed scheme will be developed in the city centre and construction is scheduled to get underway in April this year.

The project is part of Harrison Street Real Estate Capital'sjoint venture (JV) with developer Uliving to invest in purpose-built student accommodation properties in the UK.

Located on the site of Bath Court on Bath Row, features will include 435 new beds as well as a large, street-facing gym; an open-plan common room area with seating, games and television screens; two study rooms; a launderette; a dance studio; and a landscaped roof terrace.

-- Advertisement --

Uliving's Executive Chairman, Nicolas Guérin, said: "Having partnered with universities to create exceptional student accommodation schemes in Essex, Hertfordshire and Gloucestershire, it is exciting to have reached financial close on this project, which signals the start of our joint venture with Harrison Street and sees us developing our first off-campus, direct-let scheme."

Daniel Gorzawski, Managing Director and Head of Europe at Harrison Street, said: "Partnering with best-in-class operators to invest in high-quality student accommodation projects is a key element of our strategy. This is a first-rate scheme in an excellent location and we look forward to a successful, long-term relationship with Uliving and UBS."

(LM)