Partnership will deliver new student accommodation developments

Plans for Discovery Quay

Blackpool-based Create Construction has teamed up with Bricks Capital on the construction of two premium student accommodation projects in Salford Quays and Swansea, under the award-winning ‘true’ student brand.

Create will bring to the table its experience in the delivery of high-volume accommodation and will support Bricks Capital with their expertise in land appraisal, pre-construction and build delivery – extending their pipeline of work as the company continues its impressive growth.

Bricks Capital operates from offices in Manchester, London and Hong Kong.

It brings a different approach to property investment and management, overseeing purpose-built student accommodation, hotel and residential projects across the UK, with a portfolio under construction in excess of £320m.

The two companies will team up to create another two new true student projects, including Discovery Quay, Salford, a £24.5m contract comprising a 25%/75% split between ensuite and studio student accommodation, with 404 student bedrooms over 14,500 sq m.

The completed development will also provide a coffee shop, library, lounge, media and gaming area, and stunning double-story reception, again with the unique ‘true slide’, and will be ready for student intake in Summer 2020.

The Swansea scheme is worth £34m and will provide 706 bed spaces available for student intake at the start of the academic year in
September 2020.

Bricks Capital’s successful true brand is attracting students from all over the world with its offering of premium accommodation – providing double beds with high-quality ensuite bathrooms and kitchenettes, along with shared apartments providing ensuite bathrooms, shared kitchens and lounge areas – all with bills and WiFi included.

The flagship true Glasgow West End recently won the prestigious Property Week ‘Private Halls of Residence of the Year’ for 2018, and the brand is growing from strength to strength.

Paul Mathison, Create Construction chief executive, said: “Our partnership with Bricks Developments is a very exciting opportunity for both companies to work closely together in the student and hotel sectors.

“With the same core values of ‘integrity’, ‘creativity’ and ‘easy to do business with’, we are looking forward to a successful partnership in the delivery of the two projects, as well as working with together on other prestigious projects in the future.”

Peter Prickett, group chief executive of Bricks Capital, added: “We’re very excited to enter this partnership with Create, and believe the strategic approach adopted by both companies will support our swift and successful growth in the purpose-built student, branded hotel and residential sectors, whilst also enabling us to jointly explore emerging asset classes such as co-living.”

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