• Brand new property in Nottingham to open in 2022
  • 703 beds
  • Adjacent to current Student Roost property, Nottingham Two, and University of Nottingham’s Jubilee Campus

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Leading student accommodation owner/operator Student Roost has exchanged contracts on a major deal to purchase a prime new 703 bed property in Nottingham.

Currently called Deakins Place, the property is due to be completed in time for the 2022/23 academic year after work started on the site in late 2020.

The project is being forward funded as part of a deal with Cassidy Group, who are currently developing York House in Nottingham for Student Roost for 2021/22.

The site is adjacent to one of Student Roost’s four existing properties in the city, Nottingham Two. The addition of Deakins Place will create a student village in close proximity to the University of Nottingham’s main and Jubilee campuses.

The vision is to combine the older and new buildings with green outdoor spaces in between, with residents able to benefit from a range of shared social and leisure spaces inside the two properties.

Deakins Place is also a leading example of environmental considerations being built in from the start of the project. The property has been designed to have a high energy-efficiency performance, achieving a B+ EPC rating and incorporating a number of sustainability and carbon-reducing features, including triple-glazed windows and photovoltaic panels.

In addition to the green social spaces as part of the student village, Deakins Place will have a mix of shared flats and studios, and high-quality shared social spaces like study rooms and lounges, cinema room and hi-spec gym. Residents will also be able to receive the 24/7 on-site customer service and flexible payment options that are available as standard in all Student Roost properties.

It will take Student Roost’s total bed count across Nottingham to over 3,200, helping to respond to a well-identified need for additional student accommodation in the city.

Student Roost is one of the largest student accommodation providers in the UK. It currently manages 54 properties across the UK, with a strong development pipeline over the coming years.

This new announcement means that Student Roost is now due to open an additional 2,381 beds (an increase of over 10% on its current bed stock) across five properties ahead of the 2022/23 academic year:

  • Brighton – Hillfort House: 380 beds
  • Bristol – Unity Street, Bristol: 291 beds
  • Nottingham – Deakins Place: 703 beds
  • York – Frederick House: 368 beds
  • Coventry (near the University of Warwick): Phases 2 & 3 of The Oaks: 639 beds

Stephen Rigby, Chief Investment Officer at Student Roost, said:

“We’re pleased to secure this new deal in Nottingham, which is Student Roost’s fifth new development planned for 2022/23, as we continue to grow our presence in prime PBSA markets.

“With two excellent universities, Nottingham is a fantastic market for us to continue our growth. With Deakins Place’s neighbouring site, Nottingham Two, already operating a waiting list for the 2021/22 academic year, it’s also a city where we continue to see superb performance.”

To find out more about Student Roost, visit www.studentroost.co.uk

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