Student accommodation operator swoops for former office building

How the development will look

Study Inn Group, the national student accommodation developer and operator, has purchased Reynard House in Leicester city centre.

The firm has acquired the prominent former office building for an undisclosed sum.

The building is situated on the corner of Welford Road and Norton Street within walking distance of both the city’s universities.

Plans to extend the existing building to provide 79 apartments have been approved.

Cushman & Wakefield advised the vendor on the sale.

Jack Jefferson, acquisition manager at Study Inn Group, said: “This is another well located building in a good university city and we are very pleased to be adding it to our portfolio.”

Joe Williams, associate in Cushman & Wakefield’s residential team, added: “The sale is further evidence of the strong demand for residential and student development opportunities within the East Midlands. Study Inn will undoubtedly deliver high quality student accommodation ideally located for De Montfort’s students.”

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