Student accommodation firm buys Coventry site for £13m

STUDENT accommodation developer Unite Students has acquired a development site, subject to planning, in the centre of Coventry.

It is envisaged that the site will provide a home for approximately 280 students and is scheduled to be open in time for the 2017/18 academic year.

The total development cost, including the cost of the land, is expected to be approximately £13m.

The exact location of the scheme has not been revealed but it is said to be centrally located and adjacent to an existing Unite property.

Unite said that once complete it will be part of a 1,000 strong student complex on the doorstep of Coventry University.

Richard Simpson, managing director of property at Unite Students, said: “We are delighted to have secured another excellent site in a strong regional location in line with our development strategy.

“Our properties in Coventry have performed well over the last ten years and this new property will help meet the growing demand for student accommodation in the city.”

Unite Students currently provides accommodation for more than 43,000 students in 130 purpose-built properties across 23 of the UK’s strongest university towns and cities.