Student accommodation provider to make £20m investment in Loughborough
A Midlands-based student accommodation company has announced a £20m investment in the East Midlands.
Study Inn Group, which has created and manages more than 1,800 student rooms across the UK, is to regenerate a landmark building in Loughborough.
The company, which operates centres in Coventry, Nottingham, Sheffield, Cambridge and Bristol, has acquired former JobCentre building in Lemyngton Street which it plans to redevelop to provide more than 200 serviced rooms under the Study Inn brand.
Study Inn is now in talks with Charnwood Borough Council’s Planning and Inward Investment departments with occupation targeted for the start of the 2019/20 academic year.
Study Inn started in Coventry in 2009 and manages 850 student bedrooms in the city, where it still has its headquarters.
The firm will be showcasing its latest developments including the work in its home city at MIPIM in March, where it will be a member of the Coventry & Warwickshire MIPIM Partnership. The partnership is made up of around 20 private sector companies and organisations who help finance the area’s presence at the four-day event.
Co-founder Kieran Leahy said: “We are proud of the work we do and the benefits it can bring to towns and cities and we are actively growing our portfolio.
“We work very closely with local authorities and our business model offers tangible benefits in terms of regeneration, job creation, adding vibrancy to city centres and graduate retention.”