1960s office building set to be turned into 88-bed student scheme
Work is set to start on an 88-bed student scheme in Nottingham city after property consultancy Box Property brokered a deal to buy 7 Mansfield Road, Nottingham on behalf of Megaclose Properties.
The 21,000 sq ft, six-storey former office building, built in the late 1960, is next to the Victoria Centre and 250m city centre campus of Nottingham Trent University. Planning permission was secured for the scheme in September.
Frankie Labbate, co-founder and director at Box Property, said: “The Mansfield Road acquisition fits in perfectly with the client’s existing portfolio and its ethos to provide quality student accommodation within half a mile of Nottingham’s universities. As specialists in buying and selling prime city centre sites with a variety of uses, we’ve worked closely with Megaclose since we set up our practice to consistently bring them off-market, prime residential opportunities to help them grow their city centre presence.”
The news comes on the back of another recent purchase by Box Property of a retail unit on Goosegate in Hockley on behalf of Megaclose. The student accommodation specialist has plans to turn the upper floors of into a 27-bed development.